Polymarket is a decentralized prediction market where participants bet on binary outcomes — "Will MSFT close above $420 by Friday?" trades as a contract paying $1 if true, $0 if false. What most participants miss is that this structure is mathematically identical to a cash-or-nothing binary option — an instrument that the Black-Scholes framework has priced analytically for over 40 years. When two

Black-Scholes on Polymarket: Finding Mispriced Binary Events with Python
Ayrat Murtazin·Dev.to··1 min read
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