I think that depends on which bet choice you pick. If you’re shooting for a very unlikely outcome that has a 0.1% chance and you get cheated, you’ll lose about the same as in case where you buy a bunch of “event shares” that don’t get bought back.
I agree that it depends on the case. The part that I like the best in “event shares” is that you don’t have to use the betting feature and it cannot be censored either
I just thought of how asset-based betting would be similar to options. Before we had CfD’s but they were XCP based and that didn’t work well.
If “create bet” could include a non-XCP asset, that may be interesting.