Turnout in 2024 Presidential election?
rabs
1 year ago
OK I've bought enough shares my risk appetite is exceeded, so I'm happy to share my analysis now. Basically the main thing to understand is that the UFL Elect Project numbers are currently tracking 'ballots cast' which is not what this market is about. This market is about 'votes for President', which is what the resolution source (USElectionAtlas) tracks. Something like 0.8% of all ballots cast do not include a vote for President. So if you think the Elect Project numbers are mostly accurate, which I do, you end up getting around 0.992 * 155,800,000 or 154.6M votes, which is funnily enough very close to what I estimate. I think this confusion between 'ballots' and 'votes for President' is the main reason this market has been so mispriced and there's been so much confusion in the comment section. If anyone has mistakenly bought YES on 155-160M based on this misapprehension, it's probably a good idea to sell now before other people realise it too. Happy hunting! :)
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