Where should we bet on Trump winning? Predictit.com ? Anywhere else
I feel like once the election is won, predictit wont have any value since no one will buy anymore and you have a bunch of shares that are worthless since no buyers.
Comments (6)
sorted by:
i use predicit. But you don't understand how it works I think...
When the president wins, it will naturally go to 99c. But when Predictit feels it's over, the market closes and all shares go to $1 each if your prediction won. So you could sell each share for 99c and lose 1c, or wait a little longer and get the full $1 a share
right but who will buy it at 99 cents when trump wins? it has no value. Or you can automatically cash it out at 99 with guaranteed funds at the end?
when trump wins, about a week later the market goes to 'settled' and every share for trump automatically goes to a guaranteed $1.
ah thank you!