In betting markets, the higher it costs to vote in favor of a given outcome, the more likely that outcome is considered. On Polymarket, it currently costs 71 cents to bet in favor of a second Trump nomination and 32 cents to bet against. In practical terms, what this means is that if Trump wins the nomination, those who bet in his favor are set to earn $1 for every 71 cents they bet. If he loses, they get nothing.
Source link: https://www.coindesk.com/policy/2023/08/24/after-gop-debate-blockchain-bettors-see-ramaswamy-as-most-formidable-trump-challenger/?utm_medium=referral&utm_source=rss&utm_campaign=headlines by Sam Kessler at www.coindesk.com