Context: Announcement
In the announcement having cash payouts (tied to Prize Points) was flagged as being ambitious. Will this ever come to fruition? Resolves YES on the first user being paid out.
Cash payouts must be tied to Prize Points, not Creator Bonuses (another pay out system), as outlined in the pivot announcement. Market will extend as needed, and Resolve NO on confirmation that this will not be happening.
Edit (post-pivot 2): This market will continue on with “will Manifold ever give a cash payout from Sweepstakes”, as the spiritual successor to Prize Points.
If Sweepstakes are canned before there’s a single user who is paid out in USD for their trading prowess (or luck 🤞), and they come up with another way to attempt to appease the lawyers, this will continue with that.
@case Did you get the money? We can probably resolve this....several other users have also done CASH_OUT now.
@SentientTree So far they are subsidizing the AMM in these markets with their own money, but most bets are person vs person. They gave away an amount of sweepcash for free to existing users, but most sweepcash going forward will be purchased by users who want to make bets.
They also plan to allow users to supply the liquidity for the AMM on sweepcash markets in the future, but that has not happened yet.
Manifold makes money when people buy mana, and also takes a percentage cut when people withdraw sweepcash.
Given that Prize Points and normal Mana have been equalised in the new system, I really feel this one should resolve NO. Also given the structure of the 'gift' it doesn't really fit.
All types of mana are rendered valueless.
Each user gets a gift based on the total value pre-change.
This gift can't be cashed out.
Only winnings from wagering the gift can be cashed out.
So, all that to say, feels like a NO to me.
@kevor See the comment thread right below, the author already clarified the following:
The spirit of the market would say “yes”, as this would be a real money payout from trading well on some “prestige” types of markets. I’ll go with YES
yea, if there’s a spiritual successor to PP that does the same function, this will continue on with that
@nikki hmmm, that’s a good question. The spirit of the market would say “yes”, as this would be a real money payout from trading well on some “prestige” types of markets. I’ll go with YES