When we looked at the betting markets a few weeks ago, gamblers were eyeing Republican wins in 11 of the 12 Senate races where both PredictIt and SBK were taking action. In the past week, gamblers seem to see the 12th race – New Hampshire – as moving towards the GOP. PredictIt, Smarkets, and SBK […]
Do gamblers see NH Senate race moving towards GOP? Read More »
PredictIt is a U.S.-based prediction market and SBK is a British sports betting app, but both are indicating that political gamblers see Republicans making gains in the U.S. Senate this year (at least as of Friday, February 4, 2022). The probabilities in the 12 Senate races where both platforms are currently accepting action are extremely
PredictIt and SBK forecasting Republican Senate gains in 2022 Read More »
With it looking increasingly likely that Republicans will control the Senate after the 2022 midterm elections, Democrats are stepping up pressure on Justice Stephen Breyer to retire while their party retains a slim majority (51-50) in the U.S. Senate. As of January 13th, both PredictIt (Yes: $0.56) and Kalshi (Yes: $0.52) traders think it’s slightly
Kalshi, PredictIt (faintly) see a new Supreme Court Justice in 2022 Read More »
As Congress considers raising the Debt Ceiling yet again, Kalshi and PredictIt traders have different takes on whether (or rather when) Congress will take action this week. While their respective binary contracts operate similarly, the platforms themselves differ a great deal: PredictIt is a prediction market. There are limits to both market size and amount
Kalshi v. PredictIt on U.S. Debt Ceiling Read More »
Election forecasting models took a hit to their credibility for missing Donald Trump’s victory in 2016 but were generally accurate in 2020. Because these models are dependent on polling, we can probably expect to see future issues with forecasting elections as pollster response rates drop, households disconnect their landlines, and social trust declines. At the
Were gamblers more accurate than the forecasting models in 2020? Read More »
