phil
@phil
There is a prediction market with $2M in volume for the 2024 Republican presidential nomination. Peter Thiel is trading at 7 cents on the dollar, despite being born in Germany and therefore ineligible for the role. Can someone explain to me why this isn’t free money? https://i.imgur.com/0pVIqdA.jpg
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phil
@phil
The market: https://polymarket.com/event/who-will-win-the-US-2024-Republican-presidential-nomination
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forager
@forager
You’ll have to lock up funds until the official “decision” date which is at least 12 months. Risk free rate is maybe 4% now and then assume you could do better buying deeply depressed stocks or crypto plus tail risk Republicans decide to fight the constitution. It’s probably mediocre deal at best?
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Ryan Lackey
@rdl
Risk the site rugs you
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Daniel Keller
@dak
It’s free money but not much of it https://i.imgur.com/rzg6XlH.jpg
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🪷
@pdr
If only Schwarzenegger and supporters had changed the law to allow foreign-born citizens to be President, we could enjoy watching Thiel's stump speeches
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didnt make it
@novack
2015-2021 showed that there is a nonzero chance Republicans ignore and/or actively fight and all rules that restrict their political preferences.
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Cryptofarian
@cryptofarian.eth
Ever hear of the time value of money?
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ace
@ace
@perl #buildingperl
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