Straight from the politico article:
(http://www.politico.com/story/2014/10/pr...12374.html)
It's truly the way the article states it, betting on politics instead of equities markets. For all of you politics buffs, this is for you.
Let's say you want to be on Marco Rubio getting nominated for President in 2016. As of right now, his chance of getting nominated is relatively low compared to front runners like Jeb Bush and Scott Walker. Let's just say it's around 20%.
If it's at 20%, you're able to buy share of his stock at 20 cents per dollar share, almost like percentages of a hundred.
If you buy 10 shares of his and he doesn't get the nomination, you lose the $2 collateral because $.20*10=$2. However, if he does get the nomination, you'll gain the remainder of the cent. That's $.80 of the $.20 you put in. Once again, if you buy 10 shares, you're going to gain $8 dollars for the original $2 investment. That's 4x what you put in.
The key for this is to bet on things early. I have my sights set on the Presidential nomination, because so many things can happen in 2 years. Jeb Bush may fall on the wayside, Walker may have his misdoings, and who knows what the rest of the pack can do.
Betting on a dark horse is your best bet, as you can make a ton of money off of it. Think, if you bet that Bloomberg will get the nomination, there's a 5% chance. That's $.05. If you buy 100 shares of that, that's $5. If for some unforseeable reason he does run for prez and does get the nod, you can get $95 dollars for your initial $5 investment. That's 19x what you put in. That's also a really radical example.
There's a minimum deposit of $10 also, so you can play around as much as you want. It's fun as shit too to see how public opinion sways. It's a little glitchy, but you won't lose any money from the glitches.
For shits and giggles I sold the fact that Putin will remain president of Russia before April 1st, just in case he gets assassinated. There's a 3% chance of that happening, but it cost me $.30![[Image: lol.gif]](https://rooshvforum.network/images/smilies/new/lol.gif)
All I know is, this has potential to be big. And destabilizing to politics.
(http://www.politico.com/story/2014/10/pr...12374.html)
Quote:Quote:
That is the concept behind PredictIt, an online political stock market that the operators say will go live Friday after clearing regulatory hurdles and receiving a no-action letter from the Commodity Futures Trading Commission, which oversees such exchanges.
Though PredictIt could easily be confused with online gambling, it is legal — a prediction or futures market for politics that uses the marketplace to forecast events. PredictIt, a nonprofit research project, partnered with a university and restricted wagering on any single question to 5,000 people with each individual investment capped at $850.
The market could draw a class of political insiders — not to mention Wall Street speculators and pundits. Washington insiders and anyone else who thinks they know what will happen in politics can purchase an option — just like on the stock market — on the outcome of a nomination, election, vote or other political event.
It's truly the way the article states it, betting on politics instead of equities markets. For all of you politics buffs, this is for you.
Let's say you want to be on Marco Rubio getting nominated for President in 2016. As of right now, his chance of getting nominated is relatively low compared to front runners like Jeb Bush and Scott Walker. Let's just say it's around 20%.
If it's at 20%, you're able to buy share of his stock at 20 cents per dollar share, almost like percentages of a hundred.
If you buy 10 shares of his and he doesn't get the nomination, you lose the $2 collateral because $.20*10=$2. However, if he does get the nomination, you'll gain the remainder of the cent. That's $.80 of the $.20 you put in. Once again, if you buy 10 shares, you're going to gain $8 dollars for the original $2 investment. That's 4x what you put in.
The key for this is to bet on things early. I have my sights set on the Presidential nomination, because so many things can happen in 2 years. Jeb Bush may fall on the wayside, Walker may have his misdoings, and who knows what the rest of the pack can do.
Betting on a dark horse is your best bet, as you can make a ton of money off of it. Think, if you bet that Bloomberg will get the nomination, there's a 5% chance. That's $.05. If you buy 100 shares of that, that's $5. If for some unforseeable reason he does run for prez and does get the nod, you can get $95 dollars for your initial $5 investment. That's 19x what you put in. That's also a really radical example.
There's a minimum deposit of $10 also, so you can play around as much as you want. It's fun as shit too to see how public opinion sways. It's a little glitchy, but you won't lose any money from the glitches.
For shits and giggles I sold the fact that Putin will remain president of Russia before April 1st, just in case he gets assassinated. There's a 3% chance of that happening, but it cost me $.30
All I know is, this has potential to be big. And destabilizing to politics.
![[Image: Trump_Predict_It.jpg]](http://s15.postimg.org/xsbaajucr/Trump_Predict_It.jpg)
![[Image: fmWzqbw.png?1]](http://i.imgur.com/fmWzqbw.png?1)
![[Image: SINE40.jpg]](https://i.sli.mg/SINE40.jpg)
