https://astralcodexten.substack.com/p/mantic-monday-5922
The future of abortion, plus a valiant attempt at market manipulation WarcastingChanges in Ukraine prediction markets since my last post April 18:
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Will at least three of six big cities fall by June 1?: 5% → 2%
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Will World War III happen before 2050?: 22% →25%
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Will Putin still be president of Russia next February?: 85% → 80%
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Peace or cease-fire before 2023?: 65% → 52%
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Will Russia formally declare war on Ukraine before August?: (new) → 19%
IE predicting the results of the recent Supreme Court link.
Quick summary: markets already expected that the Court would overturn Roe v. Wade (~70% soon), but this moved them closer to 95% immediately. Democrats’ chances in the mid-terms went up 3-5% on the news. Markets are extremely skeptical of claims that this will lead to bans on gay marriage or interracial marriage, or that the Democrats will respond with (successful) court-packing. A single very small and unreliable market says the leak probably came from the left, not the right.
Going through at greater length one-by-one:
First: how much did the leak change predictions about the case itself? PredictIt had a market going, which said that even before the leak there was only a 15% chance the Court would make Mississippi allow abortions; after the leak, that dropped to 4%.