Presidential Soothsayer

Yesterday, I highlighted the Slate.com article I came across in which they discussed political futures markets. The Slate.com article specifically highlighted Intrade and Iowa Electronic Markets. The premise of these markets being that anyone (mostly likely with the usual caveats) could essentially bet on the Democratic and Republican nominations, the winning presidential party, and the overall winning candidate. Yesterday, my post featured the market breakdown for the Democratic candidate and today I've included information on all three remaining markets. It continues to look as though Rudy Giuliani is the hot ticket on the Republican side.

As for the overall winner, Hillary Clinton leads Rudy Giuliani by by more than 7 points ($7 in contract value) and the Democratic party is predicted to win the general election by more than 13 points ($13 in contact value). Obviously, this does not mean that the Democratic party will win by a 13 point margin in the election and there is still plenty of time for the polls and the presidential futures markets to change.

I'll continue to highlight these markets every now-and-then and as we get closer to February 5th (Super Super Tuesday) I'll try to feature them weekly.

I hope you're all finding this interesting....and by "all" I mean my single reader (mom).