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If that's true, that would explain it. But if so PredictIt's utility is severely limited.
You actually have to pay 10% of what you cash out
shit, my bad, It's worse than I thought. what a garbage site
PredictIt has crazy fees, but @FTX_Official has a contract that settles to 1 if Trump is president on Feb 1, and that is trading at 11%:http://ftx.com/trade/TRUMPFEB
it could also have reached the max number of traders in the contract...their regulatory agreement has weird limits on participation that include an allowed number of participants on a contract. eg: trying to buy biden at .89 right now:pic.twitter.com/X4xzMHMYZm
Paul, ethereum's prediction markets have much lower fees and (in theory, not so much in practice, yet) less distorted prices. http://polymarket.com did $10M on their main election market. http://catnip.exchange did $8M.
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