The candidate Federico Gutiérrez, better known as Fico, has come to lead the preferences to win the Presidency of Colombia in PredictIt, a virtual prediction market that works from New Zealand.
The Colombian Medium Week published the information this Thursday on its website to offer several details of the measurement.
“For every 55 cents bet on Federico Gutiérrez they pay 45 cents,” they explained regarding the Team for Colombia candidate.
What do these numbers say?
Regarding Gustavo Petro, they indicated that for every 46 cents wagered they pay 54 cents.
With this, there is a probability that Fico will win the presidential elections with 55%, while Petro has 46%.
In the bookmaker they pay less money for Fico because more people believe that he can win, unlike Petro, who is given more monetary value because he does not have as much favoritism to win.
For the first time, Fico Gutiérrez leads the bets in this projection firm.
Week stated that “PredictIt offers a data sharing program for members of the academic community and has more than 160 data partners, including researchers affiliated with the Massachusetts Institute of Technology, Harvard University, Yale University, Duke University , the University of Pennsylvania, the University of California, Berkeley, the University of Michigan, and the University of Virginia.
In addition, they specified that these predictions are similar to the usual results published by pollsters in the midst of electoral campaigns.
The presidential elections in Colombia It will be May 29. If the result does not yield a winner, there will be a second round on June 19 to choose the replacement for Iván Duque.
