Will Manifold decrease or increase the redemption rate for sweepcash in 2024 (for redemptions of at least 𝕊1000)? | Manifold

Will Manifold decrease or increase the redemption rate for sweepcash in 2024 (for redemptions of at least 𝕊1000)?

Basic

3

Ṁ76

Jan 1

16%

Decrease

26%

Increase

48%

Neither decrease nor increase

10%

Both decrease and increase

Currently you can redeem sweepcash for 𝕊1.00 → $1 USD, minus a 5% fee. This means that 𝕊1000 sweepcash can be redeemed for $950 USD.

For the purposes of this question, increase means that Manifold officially provides an option to redeem 𝕊x sweepcash for greater than $0.95x USD for any real number x >= 1000, for any period of time.

Decrease means that Manifold officially provides an option to redeem 𝕊x sweepcash for less than $0.95x USD for any real number x > 1, and does not provide an option to redeem 𝕊y sweepcash for greater than or equal to $0.95y USD for any real number y >= 1000, for any period of time.

1000 is chosen because currently that is the only large amount of money that can be bought for sweepcash at a 1:1 ratio.

This question uses Eastern (Standard) Time.

This question is managed and resolved by Manifold.

#Manifold Business Future

#Manifold Users

#Manifold Features

Get

1,000

and

3.00

Sort by:

The fee means that Manifold can lag behind other markets like Polymarket by up to 5%.

@vi You can recycle the same capital over and over without paying the fee, so long term market participants are incentived to trade the market to fair even if it's within 5% of fair, as long as there will be future similar opportunities.

Related questions

Will any Manifold user withdraw at least $10,000 from Manifold "sweepcash" in 2024?

Will Manifold add back <1 Sweepcash trades in 2024?

Will any Manifold user withdraw at least $100,000 from Manifold "sweepcash" in 2024?

Will Manifold change daily streak rewards again before 2025?

Will Manifold daily free charity USD per active user decrease by the end of 2024?

Will Manifold reduce or reverse the 1 Sweepcash minimum bet before 2025?

If Manifold removes the option to send mana to charity or redeem it for anything else of value, will Manifold be valued at >=$33 million USD before the end of 2024?

If Manifold continues to allow mana to be sent to charity or redeemed for other objects of value, will Manifold be valued at >=$33 million USD before the end of 2024?

Will a manifold user have 100k sweepcash before EOY 2025?

If Manifold begins allowing real-money withdrawals, will its accuracy improve?

Related questions

Will any Manifold user withdraw at least $10,000 from Manifold "sweepcash" in 2024?

Will Manifold reduce or reverse the 1 Sweepcash minimum bet before 2025?

Will Manifold add back <1 Sweepcash trades in 2024?

If Manifold removes the option to send mana to charity or redeem it for anything else of value, will Manifold be valued at >=$33 million USD before the end of 2024?

Will any Manifold user withdraw at least $100,000 from Manifold "sweepcash" in 2024?

If Manifold continues to allow mana to be sent to charity or redeemed for other objects of value, will Manifold be valued at >=$33 million USD before the end of 2024?

Will Manifold change daily streak rewards again before 2025?

Will a manifold user have 100k sweepcash before EOY 2025?

Will Manifold daily free charity USD per active user decrease by the end of 2024?

If Manifold begins allowing real-money withdrawals, will its accuracy improve?

© Manifold Markets, Inc.•Terms + Mana-only Terms•Privacy•Rules