I don’t know much about crypto, but I thought FTX was fairly liquid? I guess using it is a legal grey area for US citizens though. From looking at the orderbook it looks like you could get ~500k down over time without moving the price by more than 5c. (I guess it depends on your definition of acceptable slippage; to me 5c is fine)
You were the one making the claims about crypto. FTX isn’t accessible to US or UK based bettors for the Trump election. (So not a grey area, just not an area you can use at all).
(I also refused to believe that liquidity is real. Whenever I see orders like that in an order book I am usually fairly confident that there is something subtle going on which means they have a technological way to avoid being filled.
Looking into FTX, the subtlty is that you can’t submit orders 2% thru’ the order book, which means you can safely leave gigantic orders off-market to maintain queue spot or for other technical reasons).
I know people living in the US have been able ot bet on FTX despite their ToS banning US citizens; I haven’t done this so I don’t know the process. Maybe it’s straight up illegal rather than a legal grey area! (I think you might need to supply fake KYC docs which does sound kind of illegal now that I think about it?)
I don’t know much about crypto, but I thought FTX was fairly liquid? I guess using it is a legal grey area for US citizens though. From looking at the orderbook it looks like you could get ~500k down over time without moving the price by more than 5c. (I guess it depends on your definition of acceptable slippage; to me 5c is fine)
You were the one making the claims about crypto. FTX isn’t accessible to US or UK based bettors for the Trump election. (So not a grey area, just not an area you can use at all).
(I also refused to believe that liquidity is real. Whenever I see orders like that in an order book I am usually fairly confident that there is something subtle going on which means they have a technological way to avoid being filled.
Looking into FTX, the subtlty is that you can’t submit orders 2% thru’ the order book, which means you can safely leave gigantic orders off-market to maintain queue spot or for other technical reasons).
I know people living in the US have been able ot bet on FTX despite their ToS banning US citizens; I haven’t done this so I don’t know the process. Maybe it’s straight up illegal rather than a legal grey area! (I think you might need to supply fake KYC docs which does sound kind of illegal now that I think about it?)