An Influential Debate? Not if You Trust Prediction Markets

Thursday night’s Republican primary debate was watched by a record-shattering 24 million people, and some pundits lauded it as the “best, classiest debate ever.” But for all the fireworks, nothing seems to have changed.

At least that’s the message from political prediction markets, which remained largely unmoved by either the spectacle or the subsequent stream of spin, analysis and commentary. CONT.

Justin Wolfers (U. of Michigan), New York Times

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