Prediction Markets Betting On Obama And Huckabee Winning Iowa

Reuters:

On the eve of the first nominating contest of the 2008 U.S. presidential race, traders on the political prediction markets were betting on Thursday on victories in Iowa by Illinois Sen. Barack Obama and former Arkansas Gov. Mike Huckabee.

Obama, seeking to become the first black U.S. president, was seen by the traders as the likely Democratic winner, with a 46.2 percent chance, compared with a 32.9 percent chance for former first lady Hillary Clinton, midday trading on the Intrade futures exchange showed. Former North Carolina Sen. John Edwards trailed at 21 percent.

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Read the whole story: Reuters

Comments

[Orikinla]

University of Iowa Electronic Markets Prediction: Hillary Rodham Clinton Will Prevail
The Iowa Electronic Markets at the University of Iowa has predicted that the Democratic nominee will beat the Republican in the November presidential election.

The results so far showed that no matter how well Barack Obama does in the Iowa caucuses this evening, Hillary Clinton is still going to be the Democratic nominee.

This a confirmation of my analytical summation that winning Iowa does not guarantee Barack Obama or John Edwards the nomination.

Senator Hillary Rodham Clinton will prevail all the way to the White House as the next President of the United States of America.

http://www.informationweek.com/news/showArticle.jhtml?articleID=205207450

[OhPlease2007]

Gambling in politics with so many different polls showing so many different results, is purely for suckers.

[bitabingbitabangbitaboom]

What`s the line in Vegas?

[bitabingbitabangbitaboom]

But is Hillery covering with a PUT!

[amanda85]

Except for Dennis Kucinich and a few others, I don't have much respect for American politicians, so whoever gets the nomination is fine with me (after all, it's not even my country...)

My dilemma is: do I want to see the christofascists gasping and having a collective heart attack because a woman was elected president or a black man? Either would be utterly hilarious, I guess...

[patriotscholar]

Oh, c'mon, we all know that the ones that will be nominated to actually run will be the ones hand-picked by the big money powers like the bankers and huge corporations.
I predict Hillary will be the democratic nominee based on that criteria. I am not positive about the republican nominee, but I am leaning towards Guiliani because of the same connections.

[volum]

Daytraders?

Oh god, and we see where this same class of assclowns has brought the stock-market.

Oh, but it's pro-Obama, so of course HuffPo has to front-page it.

[pesfb]

That's a shame on both counts. The only worse outcome would be if the winners were the old hag and the magic undies wearer.

[oneeyedodin]

Hucklebuck??

Some Americans never learn do they!!

The fact that two men who believe the religious nonsense they claim to are even candidates for POTUS is a very sad commentary on the intelligence of many Americans.

[KRANKY]

My predictions: Hillary ends up third, will not break 25%. Richardson a surprising fourth.
Biden will drop out after Iowa...Dodd will call it quits after NH.

Huckabee will narrowly distance Willard. The big surprise in Gooperville is how much support Ron Paul has in a strong 3rd place. Judy will be in single digits. McCain, no cash, will drop out. Thompson will withdraw and no one will care.

[OhgReaTone]

Why does Iowa matter? Because it is the first leg of a race and the betting windows are still open.
Ohg.
http://thefiresidepost.com/2008/01/03/why-iowa-matters/

[starboymikey]

And you thought politics wasn't really all about money.

[StillAmused]

Are any of these traders also among the soulless moneychangers who've just helped give us $100-a-barrel oil in the midst of astronomical oil company profits?

[Honeybun]

Seems but yesterday the MSM had annointed Hillary and were placing their bets on Thompson. So much for the collective wisdom of the MSM.