Tuesday, February 11, 2020

Is Bloomberg manipulating the betting markets?

PredictIt gives Michael Bloomberg a 27% chance of winning the nomination. Nate Silver has him at 2.5%, which seems more right to me.

People pay some attention to betting markets. They're illiquid, so it isn't that expensive to move them. Buying his candidacy plausibility in the media by buying shares of himself -- isn't that just a perfect billionaire move?