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Why you should never prediction markets: Corrupt Brazil election is a perfect example

All I hear these days is that “Prediction markets predict…..” in politics and it’s beyond annoying.. They were off in 2022, off in 2024 predicting Kamala Harris to win over Trump, wrong this year (as an example in the Wisconsin communist primary), and they will be wrong in next week’s midterm elections.

A perfect example of why you should never trust these things is last night’s rigged election in Brazil… Bolsonaro was favored more than 2:1 to win the election, before Lula’s personal attorney, now sitting on the Supreme Court extending vote hours to help his buddy steal the election down there.