Why Vote When You Can Bet? (Slate's guide to all the political markets.)

[Poll_Blind]

From the Slate Article

Barack Obama continues to hold a significant lead over Hillary Clinton on the University of Iowa's Iowa Electronic Markets' (IEM) Democratic Nomination Market Monday, the eve of the Pennsylvania primary.

As of 9 a.m. CDT Monday, Obama's contracts were selling for 75 cents, which means IEM investors believe there is a 75 percent probability that Obama will be the Democratic presidential nominee. Meanwhile, a contract for Clinton was selling at 21 cents.

Obama has held a significant lead on the Democratic nomination market since the day after February's Super Tuesday elections, when Clinton announced she was loaning her campaign $5 million. Since then, the price of an Obama contract has reached as high as 85 cents, while Clinton's contracts have touched as low as 11 cents. More than 1.65 million contracts have changed hands on the IEM's two nomination markets since trading began in March 2007.

--SNIP--

One more thing you should know. In two of the markets we are covering, Iowa Electronic Markets and Intrade, participants bet real money. At Newsfutures and Casualobserver, they wager with play money.

:evilgrin:

PB

[Poll_Blind]

1. I started to see an outbreak of "Put your money where your mouth is" and.... n/t

PB