Re:Prediction Markets: Tales from the Election
by whatshisface on Friday February 19, 2021 @01:41PM
(#26196386)
There's another possibility, which is that "Crypto people," are another isolated pocket separate from any mainstream faction, that come up with their own weird beliefs for their own divergent reasons. An uncorrelated niche faction would be expected to go closer to one mainstream faction's beliefs over another's about half the time.
And the most obvious reason why not enough unbiased cryptoenthusiasts were tempted to place massive bets on something already decided to correct the odds was suspicion that the oracles might be too biased in favour of Trump being the real president for them to be sure of the easy profit the odds implied