THE TAKEAWAY Markets aren't just "buyers vs sellers." They are algorithms deciding how those buy and sells impact the price. CDA = Pure PvP. LMSR = Curve logic (Good for liquidity, bad for lag). CLOB = Speed game.
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THE TAKEAWAY Markets aren't just "buyers vs sellers." They are algorithms deciding how those buy and sells impact the price. CDA = Pure PvP. LMSR = Curve logic (Good for liquidity, bad for lag). CLOB = Speed game.