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by winstonewert
875 days ago
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An important aspect of this is that it's not legal for most people to run a prediction market. PredictIt is allowed to operate because it is run by a university, and even that is now under question. The result is that there is little competition in this space, which is why PredictIt has huge fees and limits. As others have pointed out, that's a big part of why these markets deviate from reality. |
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