You assumed “everyone knew this” when the comment you responded to clearly didn’t?
Also, I said any Etsy Witch predicting yesterdays weather. An Etsy witch can look at what the weather results were yesterday. That’s the joke. I can’t believe I have to explain this. The analogy is that that’s what the betting markets are doing. They’re reflecting the data in this specific case. But they don’t have any meaningful addition to add apart from how much money people are willing to bet on an outcome. People with more money have STRONGER opinions on the weight of the outcome.
In the near future. Someone is going to spend a lot of money to weigh these predictions markets in favor of the outcome that they want. They will then point to that “bought” prediction market data as a reason for why “the election was stolen”. And idiots like yourself that point to this data as meaningful will have done the work in everyone’s mind enough to think “hmmm, that is weird. I was told these prediction markets are very reliable”. No one will listen to the math that doesn’t match that market prediction. They will listen to the betting markets data because they are constantly fed it as meaningful. It is not meaningful. The math is. This specific case just has the betting following the math.
You’re being an asshole AND you’re sewing unjustified confidence in the data from these websites. “Data” that can literally be changed by money.
You assumed “everyone knew this” when the comment you responded to clearly didn’t?
Also, I said any Etsy Witch predicting yesterdays weather. An Etsy witch can look at what the weather results were yesterday. That’s the joke. I can’t believe I have to explain this. The analogy is that that’s what the betting markets are doing. They’re reflecting the data in this specific case. But they don’t have any meaningful addition to add apart from how much money people are willing to bet on an outcome. People with more money have STRONGER opinions on the weight of the outcome.
In the near future. Someone is going to spend a lot of money to weigh these predictions markets in favor of the outcome that they want. They will then point to that “bought” prediction market data as a reason for why “the election was stolen”. And idiots like yourself that point to this data as meaningful will have done the work in everyone’s mind enough to think “hmmm, that is weird. I was told these prediction markets are very reliable”. No one will listen to the math that doesn’t match that market prediction. They will listen to the betting markets data because they are constantly fed it as meaningful. It is not meaningful. The math is. This specific case just has the betting following the math.
You’re being an asshole AND you’re sewing unjustified confidence in the data from these websites. “Data” that can literally be changed by money.