HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Politics 2014 (Forum) » Intrade shenanigans from ...

Wed Oct 24, 2012, 02:25 PM

Intrade shenanigans from last night are starting to recede

At one point last night, Obama's price on intrade was down to 52% due to market manipulation by big-money Romney supporters.


It is back up to 57% today and has been rising all day.


All the improving poll numbers for Obama have caused the money on the President to come rolling back in. And these folks are going to make a lot of money because of the shenanigans the Romney folks played yesterday.


8 replies, 1116 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 8 replies Author Time Post
Reply Intrade shenanigans from last night are starting to recede (Original post)
scheming daemons Oct 2012 OP
HERVEPA Oct 2012 #1
aquart Oct 2012 #2
MrYikes Oct 2012 #3
geek tragedy Oct 2012 #4
daa Oct 2012 #5
Chichiri Oct 2012 #6
RomneyLies Oct 2012 #7
gravity Oct 2012 #8

Response to scheming daemons (Original post)

Wed Oct 24, 2012, 02:27 PM

1. Wish I had been in at 52 rather than 62, but still expect to do very well.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to scheming daemons (Original post)

Wed Oct 24, 2012, 02:31 PM

2. Proving, yet again, that "big money" is insufficiently taxed.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to scheming daemons (Original post)

Wed Oct 24, 2012, 02:33 PM

3. 65% tax sounds good to me.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to scheming daemons (Original post)

Wed Oct 24, 2012, 02:43 PM

4. Intrade is a very illiquid, self-selecting market that does not

capture anywhere close to the best synthesis of publicly available data.

It's very much a lagging indicator.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to scheming daemons (Original post)

Wed Oct 24, 2012, 03:19 PM

5. I am not sure why anyone pays

any attention to intrade, they are invariably wrong, kind of meaningless.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to scheming daemons (Original post)

Wed Oct 24, 2012, 03:22 PM

6. Guess it's time to put the "market is self-correcting" thing to the test.

If we assume that the $$ for Operation Fuck Up Intrade ran out yesterday, then the market should be back to where it was -- low 60s -- within a day or two. If it works, then they can point to some anecdotal evidence that the free market (pbu$) works.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to scheming daemons (Original post)

Wed Oct 24, 2012, 03:23 PM

7. Maybe Trump will dump $5 million into Intrade

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to scheming daemons (Original post)

Wed Oct 24, 2012, 03:25 PM

8. Intrade is an outlier compared to other betting sites

Other casinos and betting sites in Europe have the odds of Obama winning between 65 -70%.

http://www.oddschecker.com/specials/politics-and-election/us-presidential-election/winner

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread