@sports-owner The PM can also be used as a binary options market. Some users have requested being able to trade assets such as oil and stock indicies. Perhaps we could create a few markets for these assets.
For example,
Traditional vanilla options markets are structured and labeled like this:
SPX160331C1900 - where SPX represents the stock index (S&P 500), 160331 represents March 31, 2016, C means it is a call option, and 1900 represents a strike price of 1900 for the option contract
I propose creating the following markets initially:
WTICRUDEOIL123016_4000 - If the price of WTI CRUDE OIL is above $40.00 on December 30, 2016 17:00 ET, then 1 share of WTICRUDEOIL123016_4000 is worth 1 bts. I use $40.00 because current futures contracts for the December contract are just under $40.
SPX123016_187500 - If the price of the S&P 500 is above $1875.00 on December 30, 2016 at 4:00 PM ET, then 1 share of SPX123016_187500 is worth 1 bts. I use $1875.00 becasue current futures contracts for the December contract are just above $1875.00