Polymarket Trader Backs Portland Trail Blazers With 130,000 Shares Against Denver Nuggets
A Polymarket account with nearly $4 million in profits entered the position at an average price of 26.6 cents before today’s NBA regular-season game scheduled for 9:00 Beijing time.
Summary
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Terms & Concepts
Polymarket: A crypto-based prediction market platform where users buy and sell shares tied to event outcomes.
Prediction market shares: Contracts that reflect the market’s assessed probability of an event, with prices typically moving between 0 and 1 dollar.