For markets, where only the creator may decide outcome, must an escrow party be used to reduce concerns about cheating?
3
Never closes
No -- escrow is not needed
Yes -- escrow within Manifold is needed
Yes -- any trusted third party is sufficient
My opinion: it depends on the market - I’m explaining in the comments

For subjective markets (where only the creator may know the true outcome) should an escrow party be used to increase trader confidence and reduce concerns about cheating?

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