TIL: The open interest is way lower than that number polymarket features front and center when you look on a bet.

https://i.nostr.build/JlOx6T8Gq8ToZmzb.png

The symbology here is confusing. I thought the cup with the amount meant that the winning bets will go home with a total of $3B. Far from that. Apparently the "open interest" is only $200M.

Now both are small change for a nation state wanting to throw the country into chaos but $200M is even peanuts for some Dr. Evil billionaire.

Prediction markets are nowhere near as big as they should be :(