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'Bone-Chilling': Gamblers ‘Vowing to Kill’ Journalist Unless He Changes Iran War Report to Help Them Win Polymarket Bet (www.commondreams.org)

submitted 3 days ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[–] cdf12345@lemmy.zip 1 points 2 hours ago

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