0 sats \ 4 replies \ @ek OP 12 May 2023 \ parent \ on: NIP-99: Prediction markets (Draft) nostr
No I haven't but yes, sport bets (which team will win?) are classic examples of prediction markets.
Can you show me one such bet? I would be very interested to see how bets are currently handled in the wild!
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lol, probs to these dudes to do this all manually
Yes, bets like these will be possible in a more standardized, automatic fashion with my NIP.
With proper software support (= NIP-99 clients), any user should be able to create such events and let people bet on stuff.
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Can it do the specific setup like this though? Bet first 5 positions and get points for any correct position?
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Yes, I think so. The simplest way would probably just be to create 5 bets and just say "Who do you think will be in top 5?
If your candidate is in the top 5 you win.
You can do this 5 times with different candidates and then this should be the same setup, no?
Or a more complicated way which is more a mirror of the current setup would be create an event with an outcome for every combination of candidates as part of the top 5.
This would just be a single bet where you pick your 5 candidates.
Edit: Oh, I think I misunderstood. The bet is not about who is in the top 5 but the actual positions in the top 5. But yes, that is also possible.
Then you just create 5 bets for every position and pick your candidate.
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