To Bet or Not to Bet? Why Gambling on Elections Is Wrong
The world is a complicated and uncertain place. But that doesn't mean that everything in it should be treated like a March Madness pool. Some things are sacred.
The world is a complicated and uncertain place. But that doesn't mean that everything in it should be treated like a March Madness pool. Some things are sacred.
Jason Stanford | Posted 04.11.2012
"Intrade for political professionals is like the ultimate insider training. I feel like Martha Stewart. You take the industry you live and breathe and know and love and hate, and you make money off of it."
David Paul | Posted 03.30.2012
The world is different now from when Karl Rove and Matthew Dowd crafted a political strategy in a world with no center. Today, the center looms, and Republican chances are zero if they cannot win the suburbs.
David Paul | Posted 10.18.2011
There is a reason Karl Rove and the Bush family have fought this guy. Perry just either says what he wants with no regard for outcomes, or says what he wants with full regard for outcomes. I suspect it's the latter.
HuffingtonPost.com | Jason Linkins | Posted 08.21.2011
Jonathan Martin reports that former Massachusetts Governor Mitt Romney will take a pass on a July debate in Las Vegas, Nevada. That's bad news for Tuc...
Keith Thomson | Posted 05.25.2011
Currently the most popular market on Intrade is the prospective fall of Libya's Moammar Gadhafi, garnering more than $100,000 in wagers. Markets regarding the fates of other Middle Eastern leaders have been nearly as hot.
Keith Thomson | Posted 05.25.2011
A professional horseplayer once told me that compared to handicapping horse races, elections were a cakewalk. "Polls can be inaccurate," he said. "Gamblers are accurate or they lose." There's considerable evidence he was on the money.
Huffington Post | Ryan McCarthy | Posted 05.25.2011
For many in the market, just a few months ago it would have been hard to believe that Citigroup could be a safer bet than Goldman Sachs. But the b...
Keith Thomson | Posted 05.25.2011
Sarah Palin has the capability to manipulate the political betting markets and thus, is barred from betting on her future. If you are a member of Palin's family, however, you can play.
Keith Thomson | Posted 05.25.2011
I asked one of America's foremost horse racing handicappers to take time out from the grandstand and bet on political outcomes. What's his line on Geithner?
Huffington Post | Julie Satow | Posted 05.25.2011
The odds-making firm Intrade has asked investors to bet on whether Treasury Secretary Timothy Geithner will leave his job before the end of this year....
James Boyce | Posted 05.25.2011
When the Secretary of State page went up on November 5th and the bets started to be laid down on Intrade, there was a large number, relatively, of initial bets placed on Hillary for Secretary of State.
CQ Politics | Posted 05.25.2011
An internal investigation by the popular online market Intrade has revealed that a single investor's purchases prompted "unusual" price swings that si...
Max Keiser | Posted 05.25.2011
That's right, Americans are mad as hell and they aren't going to take it anymore.
Max Keiser | Posted 05.25.2011
Is McCain experiencing a mere wave of panic selling? Can he rebound from 44? Time will tell, but so far traders don't seem to be buying McCain on this dip.
Max Keiser | Posted 05.25.2011
Every time I turn on the news I see something going down at the Afghan-Pakistan border, so I'm thinking the October 2008 Surprise might just be a big one.
Max Keiser | Posted 05.25.2011
Changes of this velocity are unusual outside of the convention periods and the debates, especially in close elections.
Steve Clemons | Posted 05.25.2011
Be thankful for radio silence I guess when other candidates for VP like Daschle and Bayh are getting phone calls saying, "Sorry....but we look forward to working with you in many other ways in the coming years."
Max Keiser | Posted 05.25.2011
Friday night in Paris, I was talking live to Tehran's Press TV about the betting-contract trading on InTrade.com; laying odds on if Bush, or someone else (Israel?) will Bomb Iran by December.
Max Keiser | Posted 05.25.2011
Markets need transparency if benefits of the "invisible hand" are to be distributed to the widest section of the population. This interferes with the agenda of America's copyright, news monopolists and bankers who support them.
Matt Bieber | Posted 04.06.2012