This market stays open for 7 days and 6 hours. This resolves YES if at any time after the first 6 hours (on or after 02:30:00 EST on 2 May 2023) the displayed market value is 59% or lower. It resolves NO at closing if this has not happened.
There will be a delay between the YES condition being triggered and the market resolving, that can be used to trade.
@DavidChee Please do, and why not remove it? It’s not fair if he can just manipulate it.
@eclair4151 I don't think that's true, not if you set up your limit orders correctly, anyway. If you disagree, feel free to bet against me here:
@Fion What? You have a limit order to buy $2000 yes at 60% of course you will make money. The whole point of my comment is that you loose money when you only bet “No” feel free to remove your yes limit orders and I will happily bet against you in your market.
@eclair4151 fair enough. My point is it's very easy to buy a bunch of NO, then put a limit order at 60% and be guaranteed a (small) profit.
My 2000 limit order is actually a liability because somebody could buy into it but not enough to break it, so the market would resolve NO and I'd lose. I'm relying on myself paying enough attention to sell all that YES before close. (And I need that order to balance my big NO order.)
If these markets ever get above their magic percentage it's free money for NO bettors.
Here's an example where the NO bettors didn't make the blunder you describe: