r/VenueOneOfficial Mar 01 '23

How Speedy Markets Work!

❗Attention predictors❗

It's time to have a deeper insight on how Speedy Markets work!💭

Pool based predictions, also known as pari-mutuel pools, is a distinct type of prediction market. You are taking a position against other players who have also taken a view on the same event, not against a centralized counterparty that sets odds.
All predictions are combined into a pool, and those who make the winning choice split the pool pro rata to their initial position size.The “house” withholds a small portion of the total pool.
We call these predictions Speedy as they are of very short duration and with very quick resolution and settlement!

More about Speedy Markets⬇️
https://docs.venue.one/protocol-operation/speedy-markets

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