Based Camp with Simone & Malcolm Collins | Election Betting: Why Gamblers Keep Beating Pollsters with Maxim Lott @SimoneandMalcolm | Uploaded July 2024 | Updated October 2024, 1 hour ago.
Join Malcolm and Simone Collins as they dive deep into the fascinating world of election betting odds with expert Maxim Lott, creator of ElectionBettingOdds.com. This engaging discussion explores the accuracy of prediction markets, their evolution over time, and their impact on political forecasting. Lott shares insights on current election odds, the potential ban on political betting, and how these markets compare to traditional polling methods.
Key topics covered:

The accuracy and evolution of election betting odds
Current predictions for the 2024 U.S. Presidential election
The shift in Republican party dynamics and tech industry attitudes
The potential ban on political betting markets by the CFTC
Comparison of betting odds to traditional polling methods
The impact of prediction markets on political decision-making
The future of the Republican party and the rise of populism

Whether you're a political junkie, a statistics enthusiast, or simply curious about how election predictions are made, this video offers valuable insights into the world of political forecasting and the power of prediction markets.
Timestamps:
0:00 Introduction and background on election betting odds
3:45 Current election odds and predictions for 2024
7:30 Evolution of prediction markets over the years
11:15 The potential ban on political betting markets
15:00 Comparison of betting odds to traditional polling
19:30 The rise of the new right and shifting party dynamics
23:45 Tech industry's changing attitudes towards politics
26:30 Final thoughts on the future of prediction markets