I wish someone would decompose @PredictIt contracts by people,
- Making calculated bets;
- Gambling for the thrill, and;
- Paying for the the illusion of political agency.pic.twitter.com/H1IaDWH1ll
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(2) exists in every betting market. Like, OTB wouldn't exist without (2). But, (3) is (uniquely?) political. Looking through the comments on some markets, it's hard to not assume that it betting against Trump alleviates a specific feeling of impotence, without respect to odds.