An overlooked aspect of prediction markets taking off is “language” around betting.

Polymarket maps probability into % chance of occurence, which maps nicely into Cents 

Let’s take Ethereum ETF approval

An overlooked aspect of prediction markets taking off is “language” around betting.

Polymarket maps probability into % chance of occurence, which maps nicely into Cents 

Let’s take Ethereum ETF approval

https://polymarket.com/event/ethereum-etf-approved-by-may-31?tid=1707100824269

Moving data 
@Exponent_cx
 🇹🇭 🧙‍♂️ 🦇 🔊

 @paulapivat on twtr

Things get more complex when you realize there are three primary types of sports betting odds: the British (fractional), European (decimal) and American (money line)

https://www.investopedia.com/articles/investing/042115/betting-basics-fractional-decimal-american-moneyline-odds.asp

but crypto is Global!

40% chance happening = you pay $1 to earn 40 cents 

60% chance not happening = you pay $1 to earn 60 cents

translate into “odds” / money-line talk.

ETH ETF Happening + $0.40
ETH ETF Not Happening + $0.60