A quick check of the Intrade numbers before tonight’s debate show that hose who are willing to place a wager in this year’s Presidential election are still betting that President Obama will be reelected. However, the odds continue to tighten.
How Intrade’s Prediction Market works (via Intrade.com):
Intrade is a prediction market. What is a prediction market? It’s a market that allows you to make predictions on the outcome of hundreds of real-world events. Stock exchanges find the price of stocks, and futures markets find the price of commodities. Prediction markets find the probability of something happening – a predefined, uncertain future event.
It will be interesting to watch the Intrade data as the tonight’s debate gets on its way….