> There was also another problem: I did not have any DAI. I had ETH, and I could have sold my ETH to get DAI, but I did not want to sacrifice my ETH exposure; i

> There was also another problem: I did not have any DAI. I had ETH, and I could have sold my ETH to get DAI, but I did not want to sacrifice my ETH exposure; it would have been a shame if I earned $50,000 betting against Trump but simultaneously lost $500,000 missing out on ETH price changes. Doesn't this fact pervert the underlying market? Now there are two components at play: the actual underlying odds of the election result, and the price fluctuation inherent in DAI/ETH. Another way to frame this bet is as a high interest loan with some probability of not needing to be paid back. They are borrowing $0.85 worth of DAI/ETH now and may need to repay it in the future. That being said, I could be misunderstanding how this all is working. The system seems complicated.