No, in this case, you own the contract. A winning decision is always worth $1 but the current price that people are offering their yes or no contract for sale change like a stock ticker.
There’s a bid and an ask, and when there are no takers people will adjust their offer or selling prices. Just like stock. The demand on either side changes the current price. In this case there are always two opposite sides with opposite prices in relation to $1
Okay, so a person wanting to buy may have to buy ay multiple prices if the quantity they want to buy is larger than any one bidder. Ugly from a user ineteraction perspective, but makes more sense.
When people put up bids, do they put a range or something so they don’t have to constantly monitor, and it adjustes some magical way?
No, in this case, you own the contract. A winning decision is always worth $1 but the current price that people are offering their yes or no contract for sale change like a stock ticker.
There’s a bid and an ask, and when there are no takers people will adjust their offer or selling prices. Just like stock. The demand on either side changes the current price. In this case there are always two opposite sides with opposite prices in relation to $1
Okay, so a person wanting to buy may have to buy ay multiple prices if the quantity they want to buy is larger than any one bidder. Ugly from a user ineteraction perspective, but makes more sense. When people put up bids, do they put a range or something so they don’t have to constantly monitor, and it adjustes some magical way?