Betting on Politics: Predictit is NOT Dead

As an action junkie why would I wait 4-8 years to bet on the mayoral primary when I can play 3 card monte down at Port Authority any time I want.

I’m tempted to sell Adams at 0.95 just to avoid the risk of something happening to him in the next 4 months.

I placed a sell at 0.96 for the same reason, hoping it hits once the primary is finalized.

I’ve started playing the approval markets for shits and giggles. I can’t imagine that there’s an edge here unless you’re inside trading or incredibly fast on the draw, and even if you are there isn’t much money to be made because volume is pretty low.

You can currently get 1:1 essentially betting that no poll comes out in the next 14 hours, which seems like a decent bet.

Update: amusingly, two new polls dropped but their movements canceled each other out, so the 1:1 bet on status quo is now at 80c

Someone talk me out of smashing 59 or fewer…

https://www.predictit.org/markets/detail/7400/How-many-votes-in-the-Senate-for-the-infrastructure-deal-by-Aug-6

2 Likes

Well I pretty much maxed it out. If there is somehow a senate deal with over 60 senate votes by the end of the week I’ll be damned

4 Likes

Also trying to max it out right now. Price hovering around 40c but there isn’t enough volume to make a big buy without moving the line a ton.

1 Like

Lol which one of you bought it all the way up to 50c

Got back down to low 40s before surging up to 60. Seems fairly certain this is going to fall apart, but the question now is whether to keep filling my bag at 60 or hope it drops again. I’ve only got 622 shares so far.

lol, this might have been me. I only dropped a hundo on it, could that have moved the price that much?

I maxed it out up to about 47c, lol. Planning to try and ignore the swings.

2 Likes

up to 73c now, great call

1 Like

god damnit I’m late to this party

1 Like

It dipped back into the 60s on news that amendment votes are starting in a few, but that was already known and I don’t think it matters because we’re talking about the full bill passing. I bought a few more. Saving some room.

1 Like

This feels like straight up gambooling in the high 60’s.

https://twitter.com/PolymarketHQ/status/1422286960526249986

lol what

1 Like

in essence what this amounts to is

will mitch mcconnell vote for this? Cause if no it doesn’t get 60 obviously.

Anyone have experience with Polymarket? Easy to get money on/off? May have to give it a try if it’s being advertised to MAGA chuds.

What the hell is polymarket?

1 Like

Worth jumping on?

https://www.predictit.org/markets/detail/7142/Will-Andrew-Cuomo-be-Governor-of-New-York-at-the-end-of-the-year