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A pump in daily volume creates an 8% swing on whether Trump will complete his first term.
Following reports of United States President Donald Trumpâs positive test result for COVID-19, prediction markets have (perhaps predictably) seen a flurry of activity.
One of the more macabre predictions gaining attention is on the centralized PredictIt market run by the Victoria University of Wellington in New Zealand.
Posing the question âWill Donald Trump complete his first term?,â the prediction was originally intended as a measure of the likelihood of the president getting impeached and leaving office.
However, interest has grown following news of the presidentâs close aide Hope Hicks testing positive for the virus and the president subsequently being tested. Daily volume jumped from a seven-day average of around $6,000, to over $37,000.
A good proportion of this must have been placed on âNoâ as the âYesâ price went down $0.04 to $0.82.
Following this morningâs news that the presidentâs test result came back positive, the âYesâ price has come down another $0.04 to $0.78. Less than a week ago, the âYesâ price was at a lofty $0.90.
For clarity, the specific rules of this prediction market state, âTemporary incapacity resulting in the temporary transfer of authority to an acting president shall have no bearing on the outcome of this market.â
With the threat of impeachment no longer hanging over him, this means that predictors are essentially betting on the likelihood of Trumpâs death.
As a technically obese man in his seventies, Trump certainly falls into the higher risk category. He and his wife Melania are currently quarantining at the White House, putting election campaigning on hold for now.
Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!
â Donald J. Trump (@realDonaldTrump) October 2, 2020
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