Metaculus Monday 2/8/21

Thanks to everyone who commented last week with prediction markets I missed. Two of them seemed to be especially interesting.

Polymarket is another cryptocurrency-based prediction market. It's got about two dozen contracts open, and some of them are pretty big - $5 million plus! With that kind of money, we ought to be seeing some really good predicting! We're...not. Either there's a 6% chance that Donald Trump will be president again by March 31, or something's gone wrong.

Probably it's the second one. I tried to bet against Trump, but getting money into the market was pretty hard. You need USDCoins, a stablecoin related to Ethereum. Polymarket tries to let you buy them directly, but their app wanted me to give them a security code which never showed up, so I gave up on this. Instead I bought some USDC at Coinbase and tried to send them over. But along with the usual Ethereum gas fees, they have something called a relayer, which is supposed to collect my money and put it in my account. And it's apparently heavily backed up, and after two days my money is nowhere to be seen (though I believe them when they say that they're trying their hardest and it will probably percolate through the Ethereum network someday). Maybe everyone's having these kinds of issues and this is why the Trump contract hasn't adjusted? I'm not sure. I will keep you updated if my money ever materializes.