On Betfair, which has miniscule fees compared to predictit and effectively unlimited wagering caps, the same "You can bet on Joe Biden to win the election weeks

On Betfair, which has miniscule fees compared to predictit and effectively unlimited wagering caps, the same "You can bet on Joe Biden to win the election weeks after Joe Biden won the election" phenomena existed. Political Markets are filled with dumb money and not enough sharps. They are absurdly profitable to bet in bit are not frequent enough for pro gamblers to focus on.