Will Jesus return in 2025? Traders bet half a million on Polymarket

https://boingboing.net/2025/06/02/will-jesus-return-in-2025-traders-bet-half-a-million-on-polymarket.html

1 points · 1 comments · view on lemmy.world

1 Comments

themeatbridge@lemmy.world · 2 pts · 1y

If enough people want to sell their "No" shares, the "Yes" holders may be able to sell out at an elevated price, like 6%, potentially getting a 2x return on their investment

This makes it make sense. Someone anticipating the rapture in 2025 isn't worried about the money they will have after the rapture. But even 3% is high, and probably represents some early profit taking for warly investors.