This market refers to the match between Carlos Alcaraz vs. Gaël Monfils, Round of 16, Shanghai Masters 2024.
- In order to participate, users use HLUSD to buy shares of outcome. Each share represents a unit of belief in the outcome.
- If a user believes any player to win/lose, user can buy shares in favor of this outcome.
- Prices are the cost of buying 1 share of each outcome, and they range between 0 HLUSD to 1 HLUSD.
- After buying shares of an outcome, a user can sell (a part of, or, all of) his/her shares to de-risk (cut loss) or to take profit. Users can sell any time before the last market time, specified on the top title of this market.
- The market operates continuously, the price of share (of each outcome) keeps changing in response to the activities (buy/sell) from all participants of this market.
Outcome Determination: The market will resolve to "C. Alcaraz" if he wins, otherwise it will resolve to "G. Monfils".
Payout Structure:
When the market is resolved, the price of the correct outcome will resolve to 1 HLUSD, whereas the opposing side will resolve to 0 HLUSD. It means, for participants who are holding shares of the correct outcome, the prices of those shares will resolve to 1 HLUSD; the payout will be proportional to the number of shares each participant is holding. Participants who are holding shares of incorrect outcome will lose.
Reference link: Rolex Shanghai Masters
