NO. It may also resolve as
Invalid Market. For example, “Will the Dolphins win on Sunday?” The market may resolve as
Invalid Market, will always be included as one of these outcomes. For example, “Which team will win the Super Bowl?” with the
Other (Field), and
Invalidas potential outcomes.
Invalid Marketif the Market Terms contradict the Market Question or if they fail to clarify how the answer to the Market Question should be determined (if otherwise ambiguous).
Invalid Market. After a market's End Time, a market may still be traded in.
Invalid Marketif its terms or end outcome are ambiguous, subjective or unknown. If a market resolves as
Invalid Market, shares in any other outcome do not pay.
Invalid Marketshares, and If a market resolves to that, shares in any other outcome do not pay, while each
Invalid Marketshare pays out one DAI.
Invalid Marketorder book, in theory, can be used as a signal of the risk of
Invalid Marketresolution. Higher bids or a higher last-traded-at price may indicate a greater risk, while lower asks or a lower last-traded-at price may indicate a lesser risk of
Invalid Marketresolution. Traders may also buy
Invalid Marketshares to hedge against these resolution risks.
Invalid Market, and Augur attempts to disincentivize market creators from creating these markets. However, the risk remains.
YESshares just traded at .45 DAI, that may be interpreted as “the market thinks there’s a 45% chance that the event in question will occur.”
YESshares at .50 Dai and sell 2 at .60 Dai your Realized P/L is .20 Dai. But if you then sell the remaining 3 shares at .40 Dai, your Realized P/L will be -.10 Dai.
YES(Long) shares and 4
NO(Short) shares, has a Position of -1.