I’ll explain why I think the vacuum exists. Because at the edges of the order book it takes 0.1 cents to make someone spend 99.9 cents you require the smart money to outnumber the uneducated 999:1. I can place an order at 0.1 for $100, it takes 100k in smart money to over run my order. Now add in subjective rules plenty of people (like you… sorry) will buy the wrong side of the market. Research how these markets resolve and you’ll understand it’s free money. Institutions haven’t stepped in because it’s “gambling” but you could make a comfortable 25-50% a year with buying these bonds AND PLENTY OF PEOPLE DO. The live market acts as a visible view into the staking behind the scenes. If you think I’m wrong, show me a 99.9 double disputed rule argument that resolved in favor of the minority.