![]() ![]() You can think of this as a hybrid between sports betting and investing in the stock market. PredictIt launched in 2014 with a simple premise: For any given political event-an election, voting on a bill, politicians tweeting-traders can buy shares in possible outcomes, priced from one cent to one dollar, with prices corresponding to the probability of that outcome. But such is to be expected when you’re betting on assets whose value can plummet to zero or multiply threefold with a wave of Steve Kornacki’s hand. Odds of Democrats maintaining control of the Senate were 69 percent at 10:53 p.m., down 10 percentage points five minutes later, and back up 10 percentage points 15 minutes after that. ![]() The markets soared and plunged with roller-coaster volatility: User-generated odds on the Georgia Senate race flipped from 55 percent in favor of Herschel Walker to 62 percent in favor of Raphael Warnock in a matter of minutes. People were betting on whether Donald Trump would file for another run at the presidency this year. People were betting on who’d be elected mayor of San José, California. People were betting on control of the Senate. On Tuesday evening, I logged on to PredictIt, America’s favorite political-betting site, to watch the Election Night chaos ensue. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |