Though bets are limited to $850 on PredictIt, it and other political market sites have attracted a mix of eclectic hardcore traders who make real money obsessively moving shares, more casual users who put up a few bucks and, yes, even political professionals.īut as sites like PredictIt became more popular, they’re attracting scrutiny from the federal government. Like any good market-based betting, it’s a good indicator of what a group of people think might happen, even if it’s not ultimately right. Should the former president win, every Trump yes share gets a dollar, and every Trump no share gets nothing. As of Sunday afternoon, Trump winning the nod sits at a 58 cent bet. Betters can buy “shares” on a particular political outcome, like who will be the GOP nominee. PredictIt is a website that is not dissimilar to a stock market for politics. The really confident ones can put their money where their mouths are - literally - on political market sites like PredictIt. Politics is full of bold, outlandish predictions.
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