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Obama Contract Slides On InTrade
Posted By admin On October 4, 2012 @ 2:44 am In U.S. News | Comments Disabled
Zero Hedge 
Oct 4, 2012
The habitual gamblers who have a compulsion to bet all the time 24/7 on event outcomes have already spoken via their favorite venue InTrade, and the initial reaction is not favorable for the incumbent. Having traded over 70 for nearly two weeks, the “Obama for president” contract flash crashed below 70 promptly for the first time in many days, and has slid 8% in the past few minutes . Naturally, the contract has quite a bit to go until parity. On the other hand it does bear remembering that when it comes to predictive capacity InTrade odds are notoriously bad: just recall the Obamacare gamble when virtually everyone on InTrade was certain it would not pass. All that said, at least according to InTrade it appears that the first presidential debate has not gone quite as the current president might have planned.
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URLs in this post:
 Zero Hedge: http://www.zerohedge.com/news/2012-10-03/obama-contract-slides-intrade
 slid 8% in the past few minutes: http://www.intrade.com/v4/markets/contract/?contractId=743474
 Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/09-2/Obama%20intrade_1.jpg
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