trends life, luxury & the pursuit of happiness
PHOTOGRAPHS: (HARRIS) REUTERS/JONATHAN ERNST/POOL; (DEMMINGS) WIKIPEDIA; (RICE) REUTERS/AARON P. BERNSTEIN; (WARREN) REUTERS/BRIAN SNYDER; (DUCKWORTH) OLIVIER DOULIERY/ABACA VIA REUTERS; (BOTTOMS) JASON GETZ-USA TODAY SPORTS
THE POLITICAL TRADE
Biden’s VP: Buy the News, Sell the Rumor
Kamala Harris 52¢
When it comes to betting on Joe Biden’s VP, prediction market prices tell one story. But the news can tell another.
By Derek Phillips
Val Demmings 17¢
Susan Rice 13¢
Elizabeth Warren 6¢
Political prediction market traders began betting on who will be the Democratic vice-presidential nominee long before the party settled on a candidate for the top of the ticket. In the markets, where cents represent the forecasted percentage of an outcome to occur, traders have narrowed the field to the six most-likely candidates, with Kamala Harris projected as the favorite. But making money in the VP market doesn’t depend solely on guessing correctly—sometimes it’s a matter of knowing how the news will move the market. The Veepstakes Shortlist
Tammy Duckworth 5¢
Keisha Lance Bottoms 4¢
july 2020 | luckbox
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