PredictIt: How It Works

[ctlaltdefeat]

Why aren't decimal odds used, a-la the established betting exchanges? The system is equivalent without having to dedicate pages to explain confusing terminology.

[lazzlazzlazz]

I think this system is much easier to understand from the beginning. I required essentially no explanations: interpreting probabilities as some number between 0 and 1 seems more intuitive than betting odds and lines, which I still don't quite grasp.