BUSINESS

Traders Bet On Obama

04/16/2008 05:12 am ET | Updated May 25, 2011

Democratic presidential contender Hillary Clinton will win several state nominating contests in the coming months but has little chance of becoming the party's candidate for the November 2008 election, traders were betting on Tuesday.

Traders in the Dublin-based Intrade prediction market gave Democratic front-runner Barack Obama an 86 percent chance of being the Democratic presidential nominee, versus a 12.8 percent for Clinton, the New York senator and former first lady.

Results were similar on the Iowa Electronic Markets at the University of Iowa, with traders giving Obama an 82.9 percent chance of winning, versus a 12.8 percent chance for Clinton.

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