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WebPredictIt is an online political futures market in which users purchase shares relating to the outcome of political events using real money. Each event, such as an election, has a number of contracts associated with it, each correlating to a different outcome. For instance, an election contested between four candidates would be represented by ... WebOnce the event's outcome is decided, holders of shares that correlate with the correct outcome receive a $1 payout for each share they held. For example, a user buys 10 shares at 20 cents each in a presidential primary saying Candidate A will win. If Candidate A wins the election, the user earns $10. ... Why do PredictIt markets matter? WebNov 14, 2024 · PredictIt launched in 2014 with a simple premise: For any given political event—an election, voting on a bill, politicians tweeting—traders can buy shares in possible outcomes, priced from one... meck county election results