Comment by alpha_squared

It's not a 'prediction market', it's a gambling market. It's far more accurate to say 80% of gamblers were convinced Bolsanaro would win than to say there's an 80% likelihood he would win. It's not measuring likelihood as it's untethered from things that impact the actual results. Obscuring it basic gambling with the word 'prediction' doesn't change the fact that's naked gambling at the end of the day.