- What is the “Will YNW Melly be found guilty?” market asking?
- It asks whether the following will happen: Will YNW Melly be found guilty? 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 50.0¢ and No at 50.0¢. A Yes share pays $1 if the market resolves Yes, so its price is the market's implied probability: 50.0% for Yes and 50.0% for No. The two prices add up to about one dollar.
- When does this market close?
- Trading is scheduled to close on Dec 31, 2023 UTC. After the close no new trades are accepted and the outcome is settled by the resolution source.
- How does this market resolve?
- This market will resolve to "Yes" if Jamell Demons (YNW Melly) is found guilty of any charge in his ongoing case "The State of Florida v. Jamell Demons" (Case Number 19001872CF10A). Otherwise, this market will resolve to "No". If "The State of Florida v. Jamell Demons" case ends due to a plea agreement without an admission of guilt, a dismissal, or results in any situation in which no judgement is rendered by the court, this market will resolve to "No". If the trial has not ended by the resolution date, December 31, 2023, 11:59:59 PM ET, this market will resolve to 50-50. This market will…
- 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.
