hello guys this is a message for market makers, do you guys prefer no delay on world cup matches? or 1s delay is better for you (for us its better to have a bit of delay due to risk of latency spikes and courtsiders)
hello guys this is a message for market makers, do you guys prefer no delay on world cup matches? or 1s delay is better for you (for us its better to have a bit of delay due to risk of latency spikes and courtsiders)
its being a long discussion with polymarket team and they have decided finally no delay
its being a long discussion with polymarket team and they have decided finally no delay
we are suffering losses market making with no delay due to latency spikes some times
we are suffering losses market making with no delay due to latency spikes some times
I guess no delay incentives taker bots = more taker orders = more taker fees = more revenue for polymarket
I guess no delay incentives taker bots = more taker orders = more taker fees = more revenue for polymarket
but as danzu says, this change benefits only takers and harms market makers, so how this change would increase liquidity? we dont understand
but as danzu says, this change benefits only takers and harms market makers, so how this change would increase liquidity? we dont understand
but we ourselves have turned off in wc market making (1M shares daily maker volume we sell)
but we ourselves have turned off in wc market making (1M shares daily maker volume we sell)
and I guess this is not good for taker bots, as no delay is good itself but if they have less liquidity they are going to match lower quantities and less competitive prices
and I guess this is not good for taker bots, as no delay is good itself but if they have less liquidity they are going to match lower quantities and less competitive prices
we market make on corners and wc props and since this change we have seen a huge decrease in this props liquidity and a sustancial increase in the bid/ask spread (only during the live event) since this change
we market make on corners and wc props and since this change we have seen a huge decrease in this props liquidity and a sustancial increase in the bid/ask spread (only during the live event) since this change
Just wanted to know your oppinion on this guys
Just wanted to know your oppinion on this guys
they create value in the short term for them as taker fees revenue and destroy little by little makers
they create value in the short term for them as taker fees revenue and destroy little by little makers
before the match start is very useful to have no delay, is okay, high liquidity even with no delay (no adverse risk, no latency dependent no info)
before the match start is very useful to have no delay, is okay, high liquidity even with no delay (no adverse risk, no latency dependent no info)
but with live match this should have at least the basic 250ms delay, 0s delay is crazy for us
but with live match this should have at least the basic 250ms delay, 0s delay is crazy for us
I don´t know how we can appeal this decission, I guess we just can´t
I don´t know how we can appeal this decission, I guess we just can´t
we also market making on cricket and esports with no delay and its ultra confortable for us, algorithm just works fine. MLB totals / RFIN / spreads with no delay is again, a f**king mess
we also market making on cricket and esports with no delay and its ultra confortable for us, algorithm just works fine. MLB totals / RFIN / spreads with no delay is again, a f**king mess
we can market make with higher spreads, but thats awful user experience and for taker bots there is no sense paying that extra spread just in exchange of 1 second
we can market make with higher spreads, but thats awful user experience and for taker bots there is no sense paying that extra spread just in exchange of 1 second
its a non-sense tradeoff for bots (the bast majority of taker orders are bots)
its a non-sense tradeoff for bots (the bast majority of taker orders are bots)
Completely agree. Moreover, it's what distinguish them from Kalshi in terms of market making. Kalshi has no delay, higher rebates cuz of higher fees, and better infra. So why would a maker stay on PM if they remove delays?
Completely agree. Moreover, it's what distinguish them from Kalshi in terms of market making. Kalshi has no delay, higher rebates cuz of higher fees, and better infra. So why would a maker stay on PM if they remove delays?
Also, Mustafa's analysis is quite biased I think, as he compares liquidity during NBA conference playoffs and liquidity during NBA finals, which of course is gonna see more volume
Also, Mustafa's analysis is quite biased I think, as he compares liquidity during NBA conference playoffs and liquidity during NBA finals, which of course is gonna see more volume
Like I dont think from a random user PoV it's harmful to have a delay, having a website that does not load 50 GBs of data per second and makes every computer crash is much better
Like I dont think from a random user PoV it's harmful to have a delay, having a website that does not load 50 GBs of data per second and makes every computer crash is much better
they must be just testing, I cannot understand if they mantain this decission
they must be just testing, I cannot understand if they mantain this decission