alt Hacker NewsNo they were not hedging they were seeking liquidity because they couldnt get a total fill and ROI in the lowest probability market
No they were not hedging they were seeking liquidity because they couldnt get a total fill and ROI in the lowest probability market
What I mean is they placed multiples bets saying "US strikes Iran by $DATE" and set a window of various dates with each overlapping over the other in order to help hedge against earlier bets failing.
Betting a strike would be on Friday also tracks - anyone who's been outside the West knows they have Friday/Saturday off in Muslim and Jewish countries. It's the same way we in the West tend to conduct strikes on Saturday.
Edit: Ah I get what you are saying now.