Senate

PredictIt Price Volatility in 2022 Senate Races

Below we’re exploring volatility in PredictIt’s 18 markets for the 2022 U.S. Senate races, using standard deviation to measure share price volatility for the respective state’s Democratic candidate’s “Yes” contracts from April 23, 2022, through November 7, 2022 (199 days in total). Standard deviation is a measure of how dispersed the market prices are in […]

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Kemp – Walker Delta in 2022 Georgia General Election

One of the most fascinating states, if not the most fascinating state, in recent elections is Georgia.  Historically a “red” state, Former Vice-President Joe Biden upset President Donald Trump with a plurality in 2020, while two incumbent Republican Senators were replaced with Democrats.  This was the first time since January 2003 that Georgia had been

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Comparing the different 538 models in U.S. Senate races

FiveThirtyEight’s model is actually three different official model versions built on top of each other with polling, fundamentals, and expert forecasts: Version Component(s) Lite Polling Classic Polling, Fundamentals Deluxe Polling, Fundamentals, Expert forecasts Polling: Polls are weighted based on their sample size, recency, and pollster rating.  (Pollsters are rated by methodology and past accuracy.)  In

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Did Bookmakers & Prediction Markets fare that badly in the 2022 Senate races?

There has been some ridicule about prediction markets’ poor performance in the 2022 Senate elections, but the data for individual Senate races is less clear.  Below we look at the state-level forecasts for 2022 Senate races from the following sources: These 12 platforms are being compared in two different ways: Prices, probabilities, and odds were

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PredictIt prices: Warnock 2020 v. Warnock 2022

Senator Raphael Warnock’s two U.S. Senate races in Georgia were viewed very differently by PredictIt traders. In the 2020 U.S. Senate special election, all candidates ran in a “jungle primary” on the day of the General Election, with a runoff vote scheduled for January 5, 2021.  The price for Democratic “Yes” contracts in the Georgia

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