this post was submitted on 29 Jul 2024
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Microblog Memes

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[–] ArbitraryValue@sh.itjust.works -4 points 4 months ago* (last edited 4 months ago) (1 children)

Well, this guy does keep track and the record looks pretty good. The average of several different prediction markets on 8/5/20 had odds of Biden 59.1 Trump 37.8.

[–] mosiacmango@lemm.ee 4 points 4 months ago* (last edited 4 months ago) (1 children)

Interesting. Good to see data enter the conversation finally. It looks like on average, betting markets are about as good as Nate silver.

They also appear to have issues with legality in the US, which limits their effectiveness as a market, and they tend to be very "vibes" based in the short term.

[–] ArbitraryValue@sh.itjust.works 1 points 4 months ago

I think that's a good assessment of the current state of affairs.