Tuesday, October 25, 2022

How likely is a Red Wave on Nov 8?

Ask the prediction market that President Biden is trying to shut down. [The CFTC withdrew its "no-action" letter to PredictIt in August.]  

The contract which pays $1 if Republicans win the Senate is trading at $0.64 (in RED), implying a 64% probability.  The market is also predicting an 89% chance of a Republican House.  

Note that these kinds of prediction markets are easy to set up and can help Firms make more accurate predictions about their industry, and about their own strategies.

No comments:

Post a Comment