Market Predicts 75% Chance of Obama Nomination

The prediction market over at Intrade.com currently has Barack Obama leading Hillary Clinton 74.6 to 25.4.

This means that ‘the market’ predicts there is a 74.6% chance that this event happens!

You can currently buy a share in Obama $7.46 (or $2.54 for Clinton). Once the nomination process is complete, your share will be worth either $10, if your candidate is nominated, or $0 is he/she is not.

Personally, I’m supporting Obama- but at $2.54 a share- Clinton might be too great a deal to pass up.