- What is the “Senate pass act to buy ≥1m Bitcoin?” market asking?
- It asks whether the following will happen: Senate pass act to buy ≥1m Bitcoin? Traders buy Yes shares if they think it will and No shares if they think it will not.
- What do the Yes and No prices mean?
- At the last observation Yes traded at 0.0¢ and No at 100.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 0.0% for Yes and 100.0% for No. The two prices add up to about one dollar.
- When does this market close?
- Trading is scheduled to close on Apr 30, 2025. After the close no new trades are accepted and the outcome is settled by the resolution source.
- How does this market resolve?
- On March 11, Senator Lummis reintroduced the BITCOIN Act, which aims to purchase 1,000,000 Bitcoin. You can read more about that here: https://x.com/BitcoinMagazine/status/1899447562790211883 This market will resolve to "Yes" if this act passes the Senate by April 30, 2025 ET. Otherwise, this market will resolve to "No". The primary resolution source for this market will be information from the US government, however a consensus of credible reporting will also be used.
- What is the difference between volume, liquidity and open interest?
- 24h volume ($20.7K) is the dollar value of shares traded in the last 24 hours. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.
- Who holds the biggest positions in this market?
