Matthew Martin ☑ on Nostr: Election betting odds acts like a distant event is only affected by the event in ...

Election betting odds acts like a distant event is only affected by the event in today's news cycle. Here my theory today on why the pricing is inefficient

many irrational retail bettors
few casinos to take the other side of the bet
The casinos are doing some sort of opinion free risk management (locking in a guaranteed profit with a pair of bets/transaction cost)

In other words, no institutional bettors, just people who also think gamestop is going to the moon.