Was looking into it, it says "PredictIt may determine how and when to settle the market based on all information available to PredictIt at the relevant time." Is this place trustworthy, as in wont take your money just because the media calls it? It also says "As of this time, the contract for "Republican" has reached the limit for the allowable number of traders." does that mean no more bets on AZ?
Each yes-vs-no item has a limit to the number of people who can participate in that item. I think it's 5000 people. The main presidential one is maxed out.
You can instead buy shares in some of the other ones, which are essentially the same thing, such as:
Sometimes you can get better deals by buying a "no" for Democrat, than "yes" for republican, so make sure to look at your available options before buyng. Also make sure to click "Read the full rules" because there's at least one which is a little misleading. For example:
This contract shall resolve to Yes in the event that any candidate in the 2020 U.S. presidential election wins more than 50% of the national popular vote.
This one resolves "yes" if (for example) Biden wins 50.1% of the popular vote, but loses the presidency.
What do you mean? Is this different from the thing that apparently limits the number of people that can bet in a single market? Are you saying people are allowed to cash out bets that are already matched, but not increase a position? (Or I guess if there's a link to predictit explaining this you could point me there.)
So anyone who hasn't already placed bets on predictit wouldn't be able to bet at all on the most important state and president election markets if they wanted to start now?
Correction!
It is not suspended anymore.
I was looking at it last night about 3AM.
Apparently their system needs a downtime to sync everything.
I just checked and the betting markets for the Election are back up.
(Although the market I still want to bet on has gone up 7 cents)
15k here.
Currently at .10/share
What’s their metric, who is inaugurated on Jan 20? Guessing they didn’t call it just cause of the media that would be insane
It says under the rules for each pool. Most of them are worded in such a way, where it looks like they intend to wait as long as needed for accuracy.
Was looking into it, it says "PredictIt may determine how and when to settle the market based on all information available to PredictIt at the relevant time." Is this place trustworthy, as in wont take your money just because the media calls it? It also says "As of this time, the contract for "Republican" has reached the limit for the allowable number of traders." does that mean no more bets on AZ?
Each yes-vs-no item has a limit to the number of people who can participate in that item. I think it's 5000 people. The main presidential one is maxed out.
You can instead buy shares in some of the other ones, which are essentially the same thing, such as:
https://www.predictit.org/markets/detail/5961/Will-the-2020-TX-Democratic-primary-winner-win-the-presidency
I would recommend spreading out a little, and also putting a few dollars into individual states:
https://www.predictit.org/markets/13/Prez-Election
Sometimes you can get better deals by buying a "no" for Democrat, than "yes" for republican, so make sure to look at your available options before buyng. Also make sure to click "Read the full rules" because there's at least one which is a little misleading. For example:
https://www.predictit.org/markets/detail/6833/Will-any-presidential-candidate-win-more-than-50-of-the-popular-vote
This one resolves "yes" if (for example) Biden wins 50.1% of the popular vote, but loses the presidency.
It won't let me buy any shares. What the hell am I doing wrong
Did you see PredictIt.org Suspended all new bets! I think they don't want to see Biden's states turn Red again!
What do you mean? Is this different from the thing that apparently limits the number of people that can bet in a single market? Are you saying people are allowed to cash out bets that are already matched, but not increase a position? (Or I guess if there's a link to predictit explaining this you could point me there.)
So anyone who hasn't already placed bets on predictit wouldn't be able to bet at all on the most important state and president election markets if they wanted to start now?
Correction! It is not suspended anymore. I was looking at it last night about 3AM. Apparently their system needs a downtime to sync everything. I just checked and the betting markets for the Election are back up. (Although the market I still want to bet on has gone up 7 cents)