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Iranian presidential election market opens on PredictIt

Users of the popular prediction exchange website can now place bets on Iran’s upcoming elections in addition to bets on Israeli politics.
Raisi and Ghalibaf seen on poster

Users of the popular prediction website PredictIt can now place bets on who will win the upcoming Iranian presidential election

The New Zealand-based PredictIt is a prediction market where users can bet money on specific outcomes to win cash. People buy shares of a specific “yes or no” outcome — in this case, who will win Iran’s election. At any given time, one yes and one no share theoretically add up to US $1. People can sell these shares, which may fluctuate in value, anytime the market is open. Once an event takes place, PredictIt cashes out the winners at $1 per share. The company takes a fee from any earnings.

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