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Why does open interest matter for prediction markets?
It's not about volume.
It's about the money locked behind unresolved bets.
This shows conviction.
But I wouldn't read this as a bullish signal or anything because most of this OI is concentrated in a few big themes:
→ Sports
→ Politics
→ Macro
Once attention cools down in those categories (and it will) OI will draw down.
That's not necessarily a bad thing.
Still cool to see PMs pumping though.
What's your conviction?