Historical study
Are the large liquidity reward pools free money?
No. Many of the biggest pools have a completely empty qualifying band.
9,900 markets carry a reward pool, paying out $164,661 a day between them. Of the 45 largest, 14 have a qualifying band with nothing in it at all, which is 31 percent. The quotes that do exist sit far outside the band the reward needs. The pool is large because it is unreachable, not despite it.
Data · 9,900 markets · 2026-07-31
| Markets carrying a pool | 9,900 |
|---|---|
| Pool paid out | 1.647e+05 USD per day |
| Largest pools probed | 45 markets |
| Of those, qualifying band emptynobody quotes inside the band the reward requires | 14 markets |
Next test · planned
Do verified reward payouts exceed fill losses, inventory risk, capital cost and conservative exits in a continuously funded portfolio?
Research renewal planPayload snapshot 2026-10-12. These figures are frozen; the interactive page reads the same file.
Page export dates do not extend the observation period shown above.
Full report (docs/research/reward_selection_2026-07-31.md) · Source module (src/reward_selection.py)
Research tool only: no investment advice, no order placement, no venue affiliation. Public Polymarket and Kalshi data, provided as-is.