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In my opinion, the most important section (and one I did not know about before) is: > PredictIt places a limit of $800 on your position in any one bet. At the
by jonas21 6y ago
In my opinion, the most important section (and one I did not know about before) is:
> PredictIt places a limit of $800 on your position in any one bet. At the market level, this means that you can no longer rely on small numbers of intelligent people to fix market prices for you... If you face a 35% tax rate, and think Trump's chance to win is literally zero, after investing $800 you end up with: [equation] = $1049.44
> making a profit of about $250 in exchange for knowing with absolute certainty that an event a prediction market has at a 40% probability is guaranteed not to happen. This is not sufficient to merit dedicating time and effort to research.
- deleted 6y ago[deleted]