Trump approval market moves 46 points in a day on PredictIt
The contract, tied to Trump’s RCP approval rating on 30 September, saw ‘Yes’ jump 46 points in a day.
The hit
Traders on PredictIt priced a swing in a single day on whether Trump’s RCP approval rating will read 37.8% or lower on 30 September. The ‘Yes’ price jumped from 2% to 48%, according to PredictIt market data, while ‘No’ moved to 52%.
Why it matters
No volume figures are published, so the size of the money behind the swing is unknown. The market closes within days, leaving little time for the price to settle before resolution.
The record
| Contract | Trump’s RCP approval on 30 September? 37.8% or lower (PredictIt) |
|---|---|
| One-day move | Yes rose 46 points (PredictIt) |
| Volume | Not published, 24-hour or total (PredictIt) |
What happens next
PredictIt settles the contract against Trump’s RCP job approval rating for that date.
Sources: PredictIt: Trump’s RCP approval on Sept. 30? 37.8% or lower
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