“Betting markets are 100% noise, 0% signal.”https://www.bloomberg.com/news/articles/2020-11-07/irrational-gamblers-fooled-financial-markets-on-election-night …
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Replying to @fintechfrank
there is no liquidity to take any kind of meaningful risk in betting markets, but people treat them as if they convey some kind of literal meaning. these days even the S&P futures trade like penny stocks overnight, akd people want to talk about how PredictIt is moving
5 replies 1 retweet 38 likes
Replying to @bennpeifert @fintechfrank
Now all we need is a $100B AUM iShares Election ETF with PredictIt bets as the underlying
11:35 AM - 7 Nov 2020
0 replies
0 retweets
2 likes
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