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Nounish Prof ⌐◧-◧🎩
@nounishprof
One problem—more than half the voters are women. I’d estimate that less than 20% of polymarket users are women. If it’s not accurate, that’s likely the reason. I’d be stunned if this is a landslide for either candidate. It’s likely coming down to one or two states that could go either way. (GA and NC in particular) Polls — especially phone polls—likely skew older and closer in gender split. Prediction markets skew younger and male, and include a lot of players outside the US. And yes, polls can be manipulated just like markets. My guess is the polls are closer in accuracy and this election is a coin flip atm. I do love seeing @polymarket in the national discourse though!
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andrei
@andreitr.eth
I’ve been pretty skeptical of these numbers for similar reasons. The probability can be screwed by placing a higher bet. It’s like an alternative reality where you can shape probability with cash.
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Kieran Daniels 🎩
@kdaniels.eth
Prediction markets are not to be considered “accurate” until they are close to resolving or there is a major inside move. This is the point. But because of this they are almost always the most accurate before the event occurs. Everyone in this thread is thinking of prediction markets as normal polls. They don’t mean anything until they mean everything and the closer to the event the more accurate they will become. You could bet all your money in the world that in about 2-3 weeks Polymarket will be correct against all other options.
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andrei
@andreitr.eth
I don’t disagree with you. Prediction markets are effective at showing the preferences of the participating majority. In 2016, the media was biased toward Hillary, and I wonder if this time the betting markets are biased toward Trump.
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