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The Conversation with Dasha Burns

Inside the Wild West of PredictIt

The Conversation with Dasha Burns

POLITICO

News, Politics, Government

4.01.6K Ratings

🗓️ 4 September 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

When Joe Biden selected Kamala Harris as his running mate, it was a historic moment — and one that made some people thousands of dollars. Traders on the website PredictIt, a stock market for politics, wager thousands of dollars on an array of political moments. Today on Nerdcast, Zach Montellaro tells Scott Bland about his conversations with political traders — one who trades semi-professionally and two who are looking to avenge their losses from the 2016 election. Scott Bland is the host of Nerdcast and a politics editor at POLITICO.Zach Montellaro is campaign reporter & Morning Score author for POLITICO.Jason Pipkin runs the blog Predicting PoliticsStarlee Kine is a co-host of Election Profit MakersJon Kimball is a co-host of Election Profit MakersAnnie Rees is a producer for POLITICO audio.Jenny Ament is senior producer for POLITICO audio.Irene Noguchi is the executive producer of POLITICO audio. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:31.0

I was looking at it all the time, constantly monitoring it. I tried to take my

0:36.6

laptop with me while I walked the dog. Like I had it in my hand and was like walking

0:40.8

to the door and being like no this is you can't this

0:43.1

it's what even works it's basically a stock market for for politics I do love

0:50.2

seeing the green arrow up it gives me a little high every time.

0:57.0

I'm Scott Bland and this is nerd cast and I'm Zach Montelero

1:03.4

What I skip me don't skip me no I didn't you just what do you mean I skipped you you just said it

1:10.1

You started to talk I was taking a breath so I could talk after you talked. Oh my God.

1:17.0

Today we're talking Predicted, which is kind of a stock market for political futures trading,

1:25.0

and also just gambling, basically.

1:27.0

Gambling, pure and simple, because that's what it is.

1:30.0

So, Zach, you've been watching Predict It for a while, partly because people on

1:35.3

Predict It have been watching you, because you're a campaign reporter you follow,

1:39.5

polling really closely, you were following a lot of stuff over the past year a year and a half

1:43.1

that they've been very interested in. Right yeah I write the morning score

...

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