this post was submitted on 23 Apr 2026
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[–] JustTesting@lemmy.hogru.ch 3 points 1 week ago (1 children)

But why would anyone buy shares after an event resolved? You'd expect liquidity to dry up at that point. So i can't imagine that this is how it's ultimately resolved and you get paid out.

[–] Rivalarrival@lemmy.today 3 points 1 week ago (1 children)

Where did I say anyone was buying up shares after the event resolved?

When the event resolves, the platform pays out $1 for each share on the winning side. Shares on the losing side are worthless.

If you have a "yes" and a "no" share, you can join them together and sell them to the platform for $1, before the event resolves. You don't have to wait for the event; you can sell them back at any time.

[–] JustTesting@lemmy.hogru.ch 1 points 1 week ago (1 children)

Yes but my whole question was about how a bet resolves, who decides it is resolved and who decides what the true outcome was. So i assumed your answer was to that question, which it didn't seem to answer.

See the edit in my original post.

[–] Rivalarrival@lemmy.today 2 points 1 week ago (1 children)

Ah. I think I misunderstood your question.

[–] aim_at_me@lemmy.nz 2 points 1 week ago

I actually found your explanation helpful! Thanks.