predictit is like a futures market for geopolitical outcomes
it functions like just like the financial markets.
at the very least, it's fun to participate with spare change.
check the comments on particular markets and you'll quickly realize the vast majority of users are leftists who couldnt properly assess probability (or reality) to save their lives.
And for your own sanity, STAY OUT OF THE COMMENTS SECTION. Unless you like to troll, but I don't and can't stand the idiocy. They're also very smug right now because they're sure their pedo has won
Probably huge load on the night of. It happened last election too. So far they've actually kept the markets for the states in question open. I'd say that's at least fair.
Don’t even get me GOIN! I was trying to cash out 5 LARGE, then that shit crashed. I reallocated to the swing states, and holding until I hit the homer. I hit my singles, and advanced the runners. Got robbed on at home plate
From the way I understand Predictit, the site runners don't set the prices, market rate is determined by what people are willing to sell them for. I have 1300 shares for Trump winning, and I could log in right now and post a sell offer to sell them for $0.01 if I stupidly wanted to. So the price is simply what people are presently offering to buy/sell them for.
I remember reading a post on r/TD 4 years ago that a large number of investment banker types bet against Trump as a hedge for what their stock losses would be if Shillary won. IDK how accurate that claim is but it seems sensible.
Predictit is run by commie shills, remember how it went down for "maintenance" as soon as trump took Florida?
This^ They've had Trump down bigly months before the election
the users control the price... not predictit
predictit has a gigantic leftist user base, so there are always MASSIVE market inefficiencies for us to take advantage of.
always keep an eye on the markets on this site.
take advantage of braindead leftists
Yes these are features, not bugs. Let people give you their money.
predictit is like a futures market for geopolitical outcomes
it functions like just like the financial markets.
at the very least, it's fun to participate with spare change.
check the comments on particular markets and you'll quickly realize the vast majority of users are leftists who couldnt properly assess probability (or reality) to save their lives.
It's a "statistics" site. Definitely not a betting site, that's illegal unless you're in NV.
So this "statistics site" is based in NZ, and you buy shares based on the probability of an event occurring.
Just make sure you read the rules, and when the market ends.
When the market closes, they take...10% of profit? Then when you pull your money out to the bank they take another 5%.
Yes
And for your own sanity, STAY OUT OF THE COMMENTS SECTION. Unless you like to troll, but I don't and can't stand the idiocy. They're also very smug right now because they're sure their pedo has won
I made so much off of Kavanaugh.
Won $5000 on there in 2016.
The 'they' who owns the site and the 'they' who have the value down are not at all the same people.
Probably huge load on the night of. It happened last election too. So far they've actually kept the markets for the states in question open. I'd say that's at least fair.
They closed Minnesota on me, but I still have PA, NZ, AZ, GA, etc
They closed a few that haven't been finalized yet. What gives? If they flip back they gonna pay out?
MN isn't being contested from what I can tell. It should be though.
I kind of wish I could make a fringe bet on a settled market. Just for when Trump flips it.
Don’t even get me GOIN! I was trying to cash out 5 LARGE, then that shit crashed. I reallocated to the swing states, and holding until I hit the homer. I hit my singles, and advanced the runners. Got robbed on at home plate
That's what they did in Caracas to get Chávez elected: https://twitter.com/LouDobbs/status/1328469195550576645?s=20
From the way I understand Predictit, the site runners don't set the prices, market rate is determined by what people are willing to sell them for. I have 1300 shares for Trump winning, and I could log in right now and post a sell offer to sell them for $0.01 if I stupidly wanted to. So the price is simply what people are presently offering to buy/sell them for.
I remember reading a post on r/TD 4 years ago that a large number of investment banker types bet against Trump as a hedge for what their stock losses would be if Shillary won. IDK how accurate that claim is but it seems sensible.
So it's a betting exchange rather than a traditional bookmaker, like they just take a cut for facilitating bets but don't pay out themselves on bets?