PPP’s prediction market tracker shows that on Polymarket, the probability of ETH reaching $2,500 during the remainder of August has climbed to 86%, up 36% over the past 24 hours. The market is settled against Binance’s ETH/USDT trading pair. Under the contract rules, if the high price on any 1-minute candle for Binance ETH/USDT reaches or exceeds the target price at any time between 00:00 on the first day of the month and 23:59 on the last day of the month, Eastern Time, the market resolves immediately to Yes. If that condition is not met within the specified period, it resolves to No. The rules also state that only the 1-minute candle high on Binance ETH/USDT counts for settlement, while prices from other exchanges or trading pairs are excluded.
PPP’s prediction market tracker shows that the Polymarket contract on whether ETH will hit $2,500 during the remainder of August has risen to 86%, marking a 36% gain over the past 24 hours.
Settlement depends on Binance ETH/USDT
The market uses Binance’s ETH/USDT trading pair as its reference. During the month named in the title, defined as 00:00 on the first day of the month through 23:59 on the last day of the month in Eastern Time, the contract resolves immediately to Yes if the high on any 1-minute candle reaches or exceeds the target price. Otherwise, it resolves to No.
The rules specify that only the 1-minute candle high for Binance ETH/USDT is used for settlement. Prices from any other exchange or trading pair are not counted.
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