What is PredictIt?
PredictIt is a research project of Victoria University of Wellington. In order to take full advantage of the research opportunities presented by prediction markets like PredictIt, we make our data available to members of the academic community at no cost. PredictIt’s market data offers researchers a wealth of information that can be used to further our understanding of a wide array of subjects in fields of study as diverse as microeconomics, political behavior, computer science and game theory. PredictIt is excited to support the work of our researcher partners as they push the boundaries of human knowledge.
That's the boring explanation of PredictIt...
PredictIt is a trading platform, where one can bet on an array of different political events. Examples would be; betting on a Democratic caucus winner by state, betting whether or not a specific candidate will win a primary or even betting on the number of tweets by the POTUS, in a given timeframe.
Can you make any money? YES. This market is not saturated, yet. This gives users plenty of opportunities to make some cash, offering over 200+ different markets (currently). I began trading on PredictIt last week. I can honestly say, it's well worth a shot.
Highlights:
Quick and easy to use card payment system to deposit cash.
There are no fees to purchase shares.
There are no fees to sell and break even.
If you sell shares at profit, PredictIt keeps 10% of profits, per trade.
I totally recommend throwing $10-$20 at PredictIt, if you follow politics.
Come join me! This is not an affiliate link and I am not being paid to promote.