The online betting exchange allows bettors to risk up to $850 on each market question. So, just how much money can one really make? Let’s take the impeachment before the end of 2019 scenario.<\/p>\n
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For skilled political observers who snagged up their full betting allotment ($850) three months ago when each share was trading for just 11 cents, that means they acquired 7,727 shares. With shares now at 85 cents, if they decided to sell today, they would net 74 cents each for an overall gain of $5,718.<\/p>\n<\/div>\n
However, PredictIt collects a 10 percent fee on all shares sold at prices higher than the customer paid. There is no fee for selling shares at the same price or at a lower price.<\/p>\n
In the example above, that means the $5,718 is actually $5,147 after PredictIt’s take. There is an additional five percent fee to process withdrawals.<\/p>\n","protected":false},"excerpt":{"rendered":"
Two articles of impeachment \u2013 abuse of power and obstruction of Congress \u2013 were brought forward by House Democrats on Tuesday. That’s spurring online political betting markets on President Donald Trump’s chances of being officially impeached before the end of the year. Speaker Nancy Pelosi (D-California), flanked by members of the impeachment inquiry committees, told […]<\/p>\n","protected":false},"author":25,"featured_media":121949,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19853,61],"tags":[],"acf":[],"yoast_head":"\n
House Democrats Unveil Impeachment Charges, Betting Markets Hit Highs<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n