Betting on Politics: Predictit is NOT Dead

tyty

coinbase pro spoiled me with their same day ACH

like if i get it in before 9 am it hits by 2 pm

I did a test withdrawal Friday night FYI (afraid to withdraw thousands all at once and have it go to the wrong place somehow), and it hasn’t hit yet, but I guess Sunday probably doesn’t count.

1 Like

The “no objection” markets are dropping due to some grandstanding by Gaetz. I still think it’s pretty unlikely and am building up a position to YOLO

I think the no objection markets are bad bets tbh. It’s pure gambooling at this point.

I’m certain over 10 in the house will object, it’s just about whether tuberville/paul/cruz or whoever go for it or not, perdue said he would but unless he’s specially appointed he won’t be in the senate then also he’s running and he’s gonna lie anyway.

Yea Perdue is purely posturing. I’m certain we’ll get some House theatrics from shitheads like Gaetz and Brooks but Senate Republicans really don’t want to force the entire Senate to go on record shooting down Trump’s last chance, opening themselves up to primary challenges from the crazy MAGA side.

It did happen back in 2005 when two Dems challenged Ohio but that was a completely different environment with 1/1000th of the public attention.

I’m not saying they’re slam dunks and I agree with jman that it’s closer to gambling than most of the free money bets we normally pick off. I just think even odds is a pretty decent price with Tubbs as the main senator to fade.

For those that prefer the freer kinds of money, you can get No Johnson Objection for 90c. He’s already said he won’t object.

No on 1 objection seems like pretty good value. Who is going to step forward and object but only to 1 state? It’s 5+ or none imo.

Each objection results in a 2 hour session, so I could see a senator going for a single objection to be able to say “I tried” without forcing all of congress to spend an entire day voting on bullshit.

Even the true believers have to realize that there’s 0% chance of this changing the election outcome so it’s all performance at this point.

Where does the 2 hour thing come from? I haven’t seen that. Just that each objection requires each chamber to meet separately to decide.

And you really underestimate the true believers.

Sorry I should have said “like 2 hours” - I don’t think it’s actually in law as 2 hours, AFAIK that’s just what they set it at in 2005 when two Dems objected so that’s the assumption.

I might be underestimating the true believers. I assume most congresscritters know that this is all bullshit and are just acting along, but yea there may be some true believers in there, who knows.

Edit: I am incorrect, it is actually codified in law as 2 hours max.

I still think either Trump ratchets the pressure up and gets someone to challenge MI, WI, PA, GA, AZ, and NV. Or it’s none.

It’s pretty funny that the GA runoffs are 1 day before. It’d be quite a different dynamic if they were one day after.

Hmm they closed this one

https://twitter.com/pi_alerts/status/1340885098703581184

Soooo they pretty much need to close the other ones right?

Yep, essentially every market except popular vote ones are closed now, and the ones that are still linked to the 2020 runoff results

Wisconsin finally closed.

EC Margin of Victory settled! Just waiting on Popular Vote MOV now.

Popular vote could be awhile if they decide to wait on the FEC. I sold out awhile ago because it was unclear how long until those markets will settle. 2016 FEC report wasn’t released until December 2017.

Hunter Biden indictment down to 0.01. Damn, I think this is the end of the indictments markets.

Thanks for pointing this out. Just cleared out my position at 99 because I’m not risking waiting all year for the extra penny.

Does PredictIt only send the 1099MISC after you cash out? Otherwise how would they factor in the withdrawal fee of 5%?