Comment Text:
I have been using Predictit and I heard that they might get shut down as a consequence of decisions made by cftc. I think this is a mistake. I from my perspective they aren’t doing anyone any harm and make me feel more informed as I talk with my friends and family about what I think is the current public’s opinion of each candidate. Mostly I just have focused on presidential politics. Additionally it’s fun to have the chance to “put your money where your mouth is” to a reasonable extent- and I think that a few hundred dollars is pretty reasonable. Currently I have about $1000 in the prediction markets . I think that the fees have been reasonable. Also I think that management has shown that they care. During the prior election cycle when predict is system went down due to higher than expected trade volume- I experienced some losses because i couldn’t exit the position. I was upset and I complained to Predictit and eventually they made it right/ -they credited funds back to my account and completely offset my losses. To me that shows that in my situation they had integrity. I’m happy to provide more info if needed- as I would miss this platform if it disappeared.
