Markets Say: New York Primary - uncanceled? RBG hospitalization concerning
The NY Democratic primary market saw some major movement as a federal judge ordered it to proceed. But there’s an appeal… Joe shares are moving all over the place.
News broke yesterday that Ruth Bader Ginsburg had been hospitalized, leading to an immediate shift in the next-to-leave-SCOTUS market. Situations like this make clear the concerns around prediction markets—allowing traders to profit from someone’s hospitalization is unlikely to be a selling point for regulators (and the public). However, prediction markets’ value as a news source is undeniable: the market shifted minutes after news had broken.
In additional SCOTUS news, a new market yesterday saw significant action on low volume as traders fought over the SCOTUS’s potential decision on Mazars.
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