What is a 'whale trade' on Polymarket?

A 'whale trade' refers to a particularly large transaction on a prediction market, often executed by an individual or entity with substantial capital, capable of influencing market prices.

How does Polymarket determine probabilities?

Polymarket measures probabilities based on the trading price of shares for a given outcome. A share price of $0.50 indicates a 50% perceived probability for that outcome.

What is the current probability for Mumbai Indians to win?

The current probability for Mumbai Indians to win is 0.29999992499998124, or approximately 30%.

Whale Activity in Mumbai Indians Market on Polymarket

Whale activity has been detected in the 'Indian Premier League: Chennai Super Kings vs Mumbai Indians' market on Polymarket. Two whale trades occurred within the last 24 hours, contributing to a 24-hour volume of 82309.420012.

The probability for the Mumbai Indians to win stands at 0.29999992499998124. This represents a 24-hour percentage change of -25.00000750000188. Over the past 7 days, the probability change for this outcome is also -25.00000750000188.

Total market volume in the last 24 hours is 82309.420012, with 320 trades executed during the same period. Whale trades represent 0.625% of the total trades within 24 hours. The condition ID for this market is 0xc5d5b6a0ea457f155cff5ae23f38d4a52cd48e5e987670e0dfd4093ef7e5ce71.

Prediction markets like Polymarket allow users to trade on the future outcome of events. The price of a share on Polymarket indicates the crowd's perceived probability of an event occurring, ranging from $0.01 (1%) to $0.99 (99%). An increase in share price indicates rising confidence in an outcome, while a decrease suggests waning confidence. Large trades, often referred to as 'whale trades,' can significantly influence market dynamics and price movements.

Mumbai Indians See Whale Trades on Polymarket

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