Profiting From Political Prediction Markets
Those of you who are long-time readers of mine know that I like to study other markets to understand investing in stocks. NFL betting markets and political prediction markets are examples of markets that can be beaten by savvy participants, whether by acting as the "house" or by predicting outcomes better than other participants. I decided to put some market theory to the test on predictit.org, a political prediction market run by Victoria University of Wellington, a research university in New Zealand.
Political prediction markets are nice to trade/study