Anecdote: In late September I put $20 into PredictIt and followed Zvi’s advice, focusing on the markets for 2020 Democratic nominee and 2020 presidential winner. I was able to increase my money to $86.08, which after the withdrawal fee is $81.78. Because of the $850 per contract limit, a larger initial investment would not have gained any more money. This took a few hours to set up, so it’s not very profitable. But it was fun and informative.
Anecdote, part 2: Around the beginning of April, Andrew Cuomo was added to the presidential (or maybe Democratic nominee?) market, and was trading at roughly 10% (or 5%, or 15%—I really don’t remember). Since I had already had large No positions for everyone else, I got about $60 in negative risk by buying a lot of No shares on Cuomo.
Anecdote: In late September I put $20 into PredictIt and followed Zvi’s advice, focusing on the markets for 2020 Democratic nominee and 2020 presidential winner. I was able to increase my money to $86.08, which after the withdrawal fee is $81.78. Because of the $850 per contract limit, a larger initial investment would not have gained any more money. This took a few hours to set up, so it’s not very profitable. But it was fun and informative.
Anecdote, part 2: Around the beginning of April, Andrew Cuomo was added to the presidential (or maybe Democratic nominee?) market, and was trading at roughly 10% (or 5%, or 15%—I really don’t remember). Since I had already had large No positions for everyone else, I got about $60 in negative risk by buying a lot of No shares on Cuomo.