Obama price jumps on Iowa Electronic Markets after health care ruling

Traders on the Iowa Electronic Markets (IEM) see President Barack Obama as the big political winner in the June 28 decision by the Supreme Court to uphold most of the health care law.

Before the decision was handed down mid-morning Thursday, Obama’s contract was selling for 55.4 cents on the IEM’s Winner Take All market, which means that traders believed he had a 55.4 percent probability of re-election in November. Romney’s contract was trading for 46 cents.

http://now.uiowa.edu/2012/06/obama-price-jumps-iowa-electronic-markets-after-health-care-ruling