Why Do Prediction Markets Differ in Pricing the Election?

Date:

Share post:

RealClearPolitics betting common, as we speak, has Harris-Trump 52.3 to 46.3.

Supply: RCP, accessed 9/22/2024, ~ 3pm CT.

 

PredictIt, the one platform in a position to function within the US, is excluded from the RCP common now (it wasn’t a pair weeks in the past), and has Harris-Trump at 58-45, up by 13 cents.

predictit pres 22sep24

Supply: PredictIt, accessed 9/22/2024, ~ 3pm CT.

Clearly, not all markets are asking the identical query, and every platform has totally different constraints (betting limits, the place operable, and many others.). Nonetheless, this looks like a big hole (6 cents vs. 13 cents).

By the way in which, regardless of variations within the early days of the Harris marketing campaign, seemingly near-equivalent bets are registering related odds now: 58-45 Harris over Trump, 59-44 for Democrats over Republicans for White Home, 58-42 Harris is forty seventh President.

Related articles

Israel widens assaults on Iran’s proxies as Center East reels from Nasrallah’s dying

This text is an on-site model of our FirstFT e-newsletter. Subscribers can signal as much as our Asia,...

“It’s almost as if you have no economics training at all…”

With apologies to Kramer’s boss in Seinfeld. From Oren Cass’s “Trump’s Most Misunderstood Policy Proposal: Economists aren’t telling...

Realtor.com Experiences Lively Stock Up 33.2% YoY

by Calculated Danger on 9/29/2024 01:23:00 PM What this implies: On a weekly foundation, Realtor.com experiences the year-over-year change...

Paint makers say EU tariffs on Chinese language imports threat bankrupting them

Unlock the Editor’s Digest at no costRoula Khalaf, Editor of the FT, selects her favorite tales on this...