This is not a great No bet at current odds even if you are certain the event will not happen. The market resolves Dec 31, which means that you have to lock up your cash for about 9 months for about a 3% rate of return. The best CDs are currently paying around 4-4.5% for 6mo-1y terms. So even for people who bought No at 96% it seems like a bad trade, since you’re getting less than the effective risk-free rate, and you’re not getting compensated for the additional idiosyncratic risk (e.g. Polymarket resolves to yes because shenanigans, polymarket gets hacked, etc).
This is not a great No bet at current odds even if you are certain the event will not happen. The market resolves Dec 31, which means that you have to lock up your cash for about 9 months for about a 3% rate of return. The best CDs are currently paying around 4-4.5% for 6mo-1y terms. So even for people who bought No at 96% it seems like a bad trade, since you’re getting less than the effective risk-free rate, and you’re not getting compensated for the additional idiosyncratic risk (e.g. Polymarket resolves to yes because shenanigans, polymarket gets hacked, etc).