Originally published at: Political Betting Markets Remain Over-Valued - talkingpointsmemo-com-develop.go-vip.net
If you’ve followed my thinking on this you know I’ve long had a pretty low opinion of political betting markets. Their user base tends to lean right, with the built-in bias you would expect that to cause. They’re also prone to manipulation. But the biggest problem is that, in my view, they’re largely derivative of…