Nearly 3 billion dollars bet on the candidates
On the eve of the election, the various betting sites offering to bet on the election had attracted millions of bettors for a total of more than 2.85 billion dollars. Quoted by Wired magazine, Steve Sanders, senior vice president of Interactive Brokers, commented on this growing demand, explaining that “The topic of politics is very hot for many people. They have strong beliefs one way or the other.”
Immigration, carrying weapons, abortion, economy, support for Israel: here are the five flagship measures of Kamala Harris and Donald Trump
If the election remained undecided until the end, the situation was much clearer on the betting sites, with the probability of victory oscillating between 60 and 65% according to the bookmakers. That is to say a much greater gap than what the polls indicated, which were sometimes contradictory to boot. Ryan Waite, vice president at consulting firm Think Big, explaining to Fortune offers a complementary understanding of the political landscape. “Polls help us understand what different segments of voters think about candidates or issues, while prediction markets can provide a dynamic view of how the general public thinks things will turn out. Together, they provide a more complete picture of the political landscape. he concludes.
