The firm, which offers trades on political and financial events and is operated by the Victoria University of Wellington, said that for every 55 cents wagered on Federico Gutiérrez they pay 45 cents.
In the case of Gustavo Petro, for every 46 cents wagered they pay 54 cents. In other words, Gutiérrez would have a 55% chance of winning the presidential elections, while Petro had a 46% chance. Fajardo appears with only 1% chance of winning, as does the engineer Rodolfo Hernández.
It is the first time, in this virtual prediction market, that Fico Gutiérrez appears as the favorite to win the presidential elections.
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.
The data from this virtual prediction market is similar to the results of surveys, including the one carried out by the National Consulting Center for SEMANA.
This bookmaker was correct in the predictions regarding the winners of the inter-party consultations, voted on March 13, since those who led ended up winning in their respective consultation.