alt Hacker NewsIf this were the case, deeper and more informed pockets than yours would take the opposing position until there’s no more alpha to be had.
If this were the case, deeper and more informed pockets than yours would take the opposing position until there’s no more alpha to be had.
Not true at all.
A great example was this market from the most recent primary election.
https://kalshi.com/markets/kxtxsenatedemturnout/voter-turnou...
Based on just simple math there was basically no chance of turnout being over 2.5m and yet the market for multiple days had the higher buckets at exorbitant prices.