YES
or NO
. It may also resolve as Invalid Market
. For example, βWill the Dolphins win on Sunday?β The market may resolve as YES
, NO
or Invalid Market
.
Invalid Market
, will always be included as one of these outcomes. For example, βWhich team will win the Super Bowl?β with the Chiefs
, Patriots
, Saints
, 49ers
, Ravens
, Cowboys
, Other (Field)
, and Invalid
as potential outcomes.
Invalid Market
if 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
.Invalid Market
. After a market's End Time, a market may still be traded in.Invalid Market
if 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 Market
shares, and If a market resolves to that, shares in any other outcome do not pay, while each Invalid Market
share pays out one DAI.Invalid Market
order book, in theory, can be used as a signal of the risk of Invalid Market
resolution. 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 Market
resolution. Traders may also buy Invalid Market
shares to hedge against these resolution risks. Invalid Market
, and Augur attempts to disincentivize market creators from creating these markets. However, the risk remains.YES
shares just traded at .45 DAI, that may be interpreted as βthe market thinks thereβs a 45% chance that the event in question will occur.βYES
shares 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.