Political Betting has become a major segment of betting on real events in the United States. Prediction Markets and Political Betting Markets such as PredictIt has gained exposure and large group of Day Traders trying to predict the 2020 elections.
Betting Markets and Election Prediction Markets are new form of predicting real political events. when looking at the 2020 midterms or the 2024 presidential elections predictions, more and more pollsters will consider political prediction and betting markets as source of credible information. PredictIt is political betting market that shows 56% chances for the Democratic party to control the Senate after the 2020 midterms elections. The market name is “Which party will control the Senate after 2022 election?”, with that said when it comes to the congress – it seems like PredictIt Traders believe that 59% chances that the republicans will control the congress. Traders might change their mind in 2021 until November 2022 midterms.
