Myriad Moves: Big Bitcoin Buys, NBA Playoff Madness, and Switch 2 Price Switch-Ups
Prediction markets are gaining popularity, allowing users to forecast outcomes in various domains like politics and sports. Myriad Markets enables participants to use USDC or Myriad Points to predict event probabilities. A notable market opened on May 13, focusing on how much Bitcoin Michael Saylor's firm, Strategy, will purchase. Currently, Strategy holds 568,840 Bitcoin, valued over $58 billion, and recently acquired 13,390 Bitcoin. Predictors estimate a 68.4% chance of Saylor buying over 10,000 Bitcoin this week. In the NBA playoffs, predictors adjusted odds for the Boston Celtics and Oklahoma City Thunder. The Celtics' chances dropped from 22% to 6.6% after an injury to Jayson Tatum, while the Thunder's odds increased to 57.4%. In gaming, Myriad predictors believe there's an 89% chance Nintendo will maintain the Switch 2 price at $449.99 despite market fluctuations. Pre-orders opened on April 24, with a release set for June 5.
