Totally legal, they’ll even send you a form 1099-MISC for your earnings at the end of the year.
<https://www.predictit.org/Browse/Group/83>

wow

Bet $36, win $100, profit $64 or 278%.

This isn't the forum...by that I mean: This strategy isn't as effective as it could be. One should really share this in libtard forums so they push the pot up making for windfall profits.

@Tanner - SC I did that a lot in 2016. Some of those bets, like the "Impeached in first term" stuff is really far out. I'll look to jump into some of the midterm stuff though.

@Tanner - SC They still have a cap of 850$ per bet, right?

They most likely still have the bet limit.

@Tanner - SC the site says it has no fees on deposits but 5% withdrawal fee. Does this mean there are no fees on the bets themselves?

Example: bet $5.00 that GOP controls House after 2018. $5.00 / $0.36 = 13.89 shares. Acquire $13.89 if GOP controls House, so my total balance = $5 + $13.89 = $18.89. This balance stays at $18.89, and I can add more, but if I withdraw it I pay 5% x $18.89 = $0.94.

Is that correct?

Total balance = $13.89. If you withdraw, you pay 5% on that.

@Ben - OH ^

Oh, right. Thanks for that correction.

@ThisIsChris remember, you can for FOR “yes” and AGAINST “no”, thereby totaling twice the bet limit.

I had a blast doing that in 2016. FOR trump, AGAINST Hillary, FOR a male winning, AGAINST a female winning, FOR the gop, AGAINST the DNC. Kept stacking up so many different variations on the same that I made enough to buy a car afterwards.

@Tanner - SC PredictIt uses a credit card for funding; what is typically used for withdrawals?

@Ben - OH I think withdrawal is an ACH transfer to bank account. I’d have to check my records to be sure.

@Ben - OH @Tanner - SC in 2016 it was a check mailed to house

I learned that Florida is trying to restore the rights of felons to vote just now when I was perusing this site

It was never even in the news. A year ago, a guy approached me with a petition about it, but I didn't think twice

Today begins the first day of studying for the CFA 1. Wish me luck, this test ruins lives.

make flash cards to memorize the formulas and do plenty of practice problems before exam day and youll be fine

level 1 is not hard

level 2 is hard

and level 3 is easier than level 2 from what ive heard

@ophiuchus good luck man, I look forward to hearing how it goes.

@ThisIsChris thank you! I’m probably aiming to take it in June, and then 2 and 3 the following 2 years. That way when I finish, I’ll only have to wait about six months before I can accept the charter (4 years finance work required, etc.)

We out here

We’re luckily using this as a textbook this semester

I completely skipped the stats portion of level 1 and still passed

Lmao

I’ve heard the ethics portion is significantly more substantial that you’d think

Yeah I did well on that part because I’m Christian

@Tanner - SC I did a report with a buddy of mine on where the next credit bubbles in the economy are likely to occur. While everyone's mind usually turns to student loans, that sector is complicated with lots of mitigating factors. The sector that is ready to pop unconditionally is the autoloan sector. Subprime loans for automobiles account for about 33% of all autoloans at the moment. One third of those are already defaulted on as of last January.

Yikes.

Bought a bunch of silver.

@Freiheit - CA nice, from where? JM Billion offers 10ozs to new customers at spot and they cover shipping.

LCS

I only pay cash at local coin shop

No one wants canadian 80% so I buy that AT SPOT often