Updated
Updated · robinhood.com · Jul 19
Seattle Leads Cincinnati 58¢ to 46¢ in Live July 20 Game Market
Updated
Updated · robinhood.com · Jul 19

Seattle Leads Cincinnati 58¢ to 46¢ in Live July 20 Game Market

3 articles · Updated · robinhood.com · Jul 19

Summary

  • Seattle contracts traded at 58¢ versus Cincinnati at 46¢ in a live prediction market on the teams' July 20 game, implying Seattle is the market favorite.
  • The contract tracks the professional baseball game scheduled for 9:40 p.m. EDT and pays $1 per correct contract after the result is resolved.
  • If the game is delayed or postponed, the market stays open until the rescheduled game finishes within two days; a cancellation or longer rescheduling triggers fair-price settlement under exchange rules.
  • Trading runs nearly 24 hours a day, while league participants, team owners, source-agency employees and anyone with material non-public information are barred from taking positions.

Insights

With new federal rules looming, could this multi-billion dollar prediction market be shut down overnight?
Is trading on game outcomes a financial tool or illegal gambling? The courts are still divided.
Are prediction markets the 'wisdom of crowds,' or are they dominated by a skilled 3% of traders?