The $350 is all of my positions across all of the markets.

I'm only $6.50 into Biden dropping out before November 1st. If he does not, I lose my $6.50. If he does, I win $50.11 (55 "yes" shares bought at around 11 cents each, and the "winning" event gets paid out at $1.00 each).

Basically it's like a stock market of sorts. People buy more shares of the event in a market (Presidential election winner, Trump, YES), which causes the prices of those shares to rise closer and closer to $1.00 (the prices that the site will pay each share out if that event comes true).

Conversely, the price goes closer and closer to 0 the less likely people think the event is to win. Right now, (Presidential election winner, Kamala Harris, YES) is going for 6 cents.

The $350 is all of my positions across all of the markets.

I'm only $6.50 into Biden dropping out before November 1st. If he does not, I lose my $6.50. If he does, I win $50.11 (55 "yes" shares bought at around 11 cents each, and the "winning" event gets paid out at $1.00 each).

Basically it's like a stock market of sorts. People buy more shares of the event in a market (Presidential election winner, Trump, YES), which causes the prices of those shares to rise closer and closer to $1.00 (the prices that the site will pay each share out if that event comes true).

Conversely, the price goes closer and closer to 0 the less likely people think the event is to win. Right now, (Presidential election winner, Kamala Harris, YES) is going for 6 cents.

The $350 is all of my positions across all of the markets.

I'm only $6.50 into Biden dropping out before November 1st. If he does not, I lose my $6.50. If he does, I win $50.11 (55 "yes" shares bought at around 11 cents each, and the "winning" event gets paid out at $1.00 each).