- What is the “Will 2024 have the hottest April on record?” market asking?
- It asks whether the following will happen: Will 2024 have the hottest April on record? 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 100.0¢ and No at 0.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 100.0% for Yes and 0.0% for No. The two prices add up to about one dollar.
- How did this market resolve?
- It resolved Yes on 10 May 2024. Trading has stopped; the record of prices, holders and trades stays on this page.
- How does this market resolve?
- This market will resolve to "Yes" if the data for the Global Land-Ocean Temperature Index for April 2024 shows an increase greater than that of any prior April when it is released. Otherwise, this market will resolve to "No". At the point the data for April 2024 is first released, it will be compared to all previous data points for April, and if 2024 April is higher than all previous data points, this market will resolve to "Yes." Note: If 2024 April is tied for highest with another year, it will NOT suffice to resolve this market to "Yes" - it must be higher. The primary resolution source… Resolution source: https://data.giss.nasa.gov/gistemp/tabledata_v4/GLB.Ts+dSST.txt.
- What is the difference between volume, liquidity and open interest?
- Volume is the dollar value of shares traded in a period, liquidity is the dollar value resting in the order book ready to be traded against, and open interest is the value of all shares currently held. Volume measures activity, liquidity measures how easily you can trade, and open interest measures how much is at stake.
