InTrade currently has shares of Barack Obama trading at 89.8!
That means real people, who are betting real money, are predicting 9/1 that Barack will be the winner of the Dem nomination this year.
And how good are InTrade’s traders are predicting the outcomes of political events?
According to ABC News “In 2004, the market odds on Intrade predicted the presidential vote of every state but Alaska. In 2006, the odds correctly indicated the outcome of every Senate race. ”
Also worth noting: Shares of “McCain wins in November” are trading at 38!