NewsDialy
More than $125 million in contracts traded on Novig, a newly launched prediction-market platform, in its first seven days.
Notional trading volume, the figure Novig cited, counts the face value of every contract that changed hands, not the actual cash deposited or at risk.
Prediction markets are venues where participants buy and sell contracts tied to the outcome of future events: elections, sports results, economic data releases.
The price of each contract reflects the probability the market assigns to a specific outcome.
Keep reading