Washington, D.C., May 27, 2020 (GLOBE NEWSWIRE) — Washington, D.C. – With over 35 million shares traded so far, the political futures market on who Joe Biden will pick as his vice presidential nominee is currently the 3rd most popular market on PredictIt , an online political prediction market exchange that allows its users to trade shares on the most significant political and economic events in the news. On Thursday, May 21, the market saw its largest single day of trade volume ever, clocking in at nearly 300,000 shares . At the moment, Senator Kamala Harris is leading the pack. A candidate’s share price can be interpreted as a probability of that outcome occurring.
PredictIt has 100,000 political forecasters invested in “the stock market for politics” and another 600,000+ onlookers visiting the site each month to follow its event probabilities. With new political futures traders joining the site each day, it is no surprise a cottage industry of smart commentary and market analysis has emerged, too, to cover the action, risk, and volatility.
John Phillips, Co-Founder of PredictIt and CEO of Aristotle, sat down with The Political Trade in April to discuss the growth of prediction markets and to announce new […]
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