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Ross Shuel pfp
Ross Shuel
@shuel.eth
What are some examples of prediction markets getting it wrong? E.g. prediction markets believed Hillary would win the 2016 US presidential election. Trying to build a comprehensive list of examples. Also curious as to strong counter-examples I.e. prediction markets were right & contrary to the “professionals”
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pes🎩
@razdva
They don't predict yes/no win/lose, they give a probability. So you actually want to see was the last 100000 elections that predicted to XYZ a win with a 60% odds and compare it with a real outcomes. Anything below/above 60% will be either a failure of traders either measurement error.
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