question about polymarket

[ktollinche]

So last night I placed a bet on Sean Mcdermott to win coach of the year for like 29 bucks to win 563.
and it says the current value is $213. Can that be cashed out?
Cause when I try its only offering me like 7 bucks, instead of the current value its showing. Does the current value mean anything. Can i cash out to receiver anywhere near the current value its showing?

[td]

Will Sean McDermott win NFL Coach of the Year?​

Yes 5¢
563.3 shares[/td] [td]5¢38¢[/td] [td]$29.97[/td] [td]$563.27[/td] [td]$213.20+$183.23 (611.47%)[/td] [td]Sell[/td]

 

[jjgold]

It means there’s no money in the pool to get rid of it at that price

 

[ktollinche]

Just for future reference.

Does current value mean something in liquid markets? Can it anything close to it be attained?
or the just display for people to feel good about their bets?

 

[ktollinche]

now looking at the volume, you are definitely right that its low

 

[jjgold]

Yes

I don’t think poly market it’s legal yet in the USA, even though it got approved


The volume is very low sports wise compared to Kalshi and Robinhood

 

[ktollinche]

JJGOLD talk about legality???

Never thought I would see the day!

 

[Archie]

sorry I can't help you....


I don't get this movement either