But are political bets more reliable than polls? The question agitated the American academic community in the run-up to the presidential elections and three years after the coronation of Donald Trump, whom nobody had seen coming. "Today, we all ask the question," smiles David Leblang, professor of political science at the University of Virginia. With his team, he uses PredictIt's data for his research. Thanks to them, he was able to anticipate the results of local elections in Virginia in early November. With success. "The polls are very imperfect, people do not necessarily answer what they think or, when their opinion is controversial, they prefer not to answer, says the political scientist.But with the predictive markets, voters put money on their opinions, they do not lie.In addition, bets cost nothing to create, unlike the polls, which allows to have a multitude and distinguish political phenomena otherwise invisible.
David Leblang