Why Do Prediction Markets Differ in Pricing the Election?

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RealClearPolitics betting common, immediately, has Harris-Trump 52.3 to 46.3.

Supply: RCP, accessed 9/22/2024, ~ 3pm CT.

 

PredictIt, the one platform capable of function within the US, is excluded from the RCP common now (it wasn’t a pair weeks in the past), and has Harris-Trump at 58-45, up by 13 cents.

predictit pres 22sep24

Supply: PredictIt, accessed 9/22/2024, ~ 3pm CT.

Clearly, not all markets are asking the identical query, and every platform has totally different constraints (betting limits, the place operable, and many others.). Nonetheless, this looks as if a big hole (6 cents vs. 13 cents).

By the way in which, regardless of variations within the early days of the Harris marketing campaign, seemingly near-equivalent bets are registering comparable odds now: 58-45 Harris over Trump, 59-44 for Democrats over Republicans for White Home, 58-42 Harris is forty seventh President.

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