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RE: [ANN - daily guessing game -> guess tomorrow's STEEM price] closest one wins half the blog award this gets
"Limit of 1 entry per user, but you can edit your guess until the cutoff time." - I would disallow editing altogether. Edited posts getting disqualified.
there is 24 hours after the cutoff, so it just levels the playing field between the early submissions and the later. Assuming the 24hr ahead price is easier to predict than the 48 hr ahead price.
From a game theory perspective, now that you mention it, I think you are right - it does level the playing field and doesn't penalize the early forecaster if he's allowed to edit.