You can use catnip to bet on Biden in the election.
Points for:
It’s doable from around the world
It’s easy to use compared to other crypto currency methods
It has low fees and a pretty good price for Biden (between 62 and 63 percent)
It has no betting limits
Points against:
It’s a tiny project without any previous track record, so you might not trust it
Very hard to use compared to PredictIt (you have to set up a crypto currency wallet and use a platform like bitvavo to buy Etherium)
Anything that requires you to do that is probably inefficient for betting small amounts (afaik the crypto currency stuff has constant-sized fees)
If it can be trusted, it is in theory a way to make (a) more money than on PredictIt, and (b) with lower fees. (PredictIt charges 10% on profits and 5% on withdrawals. It also has an 850$ cap per market, although there are at least seven de-facto Biden-wins-the-election markets.)
You can use catnip to bet on Biden in the election.
Points for:
It’s doable from around the world
It’s easy to use compared to other crypto currency methods
It has low fees and a pretty good price for Biden (between 62 and 63 percent)
It has no betting limits
Points against:
It’s a tiny project without any previous track record, so you might not trust it
Very hard to use compared to PredictIt (you have to set up a crypto currency wallet and use a platform like bitvavo to buy Etherium)
Anything that requires you to do that is probably inefficient for betting small amounts (afaik the crypto currency stuff has constant-sized fees)
If it can be trusted, it is in theory a way to make (a) more money than on PredictIt, and (b) with lower fees. (PredictIt charges 10% on profits and 5% on withdrawals. It also has an 850$ cap per market, although there are at least seven de-facto Biden-wins-the-election markets.)
https://docs.google.com/document/d/1coju1JGwKlnejxkNiqWNJRlknebT_HUA1iz3U_WvZDg/edit is a doc I wrote explaining how to do this in a way that is slightly less risky than betting on catnip directly.