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csantini | 9 months ago

I think it's just interest rates.

I can easily get 3% per year investing in safe bonds, so I expect at least 3% to put money on any 100% safe bet.

I want to be paid for waiting X months

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chrchr|9 months ago

That doesn't explain why there's a market for "Yes". For "No" to be worth 3% instead of 0%, there must be people who think "Yes" will in some way be worth 3% or more.