83% chance of Obama winning

You know what makes this all the more hilarious? This:

An internal investigation by the popular online market Intrade has revealed that a single investor’s purchases prompted “unusual” price swings that significantly boosted the prediction that Sen. John McCain will become president.

Over the past several weeks, the investor has pushed hundreds of thousands of dollars into one of Intrade’s predictive markets for the presidential election, the company said, resulting in repeated monetary losses through a strategy that belies any financial motive.

“The trading that caused the unusual price movements and discrepancies was principally due to a single ‘institutional’ member on Intrade,” said the company’s chief executive, John Delaney, in a statement released Thursday. “We have been in contact with the firm on a number of occasions. I have spoken to those involved personally.”

After an extensive investigation into the suspicious trading patterns, Intrade found no wrongdoing or violation of its exchange rules, the company said.

Citing privacy policies, Delaney would not elaborate on who the investor was or whether or not that investor was affiliated in any way with a political campaign.

According to Delaney, this investor, who boosted the McCain prediction significantly over the market value and above the levels of competing predictive-market Web sites, was using the Intrade market to protect other positions and hedge other investments.
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http://www.cqpolitics.com/wmspage.cfm?docID=news-000002976265&referrer=js
 
If McCain really is on at 17% I'd put big bucks on him. Not that I think he's going to win because I don't but at those odds I'd lay it down in case he makes some amazing comeback.
 
cawacko said:
If McCain really is on at 17% I'd put big bucks on him. Not that I think he's going to win because I don't but at those odds I'd lay it down in case he makes some amazing comeback.
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How big? I mean the odds are absent some sort of real screw up by Obama or the ever dreaded election fraud, that you would just be losing big bux.
 
Socrtease said:
How big? I mean the odds are absent some sort of real screw up by Obama or the ever dreaded election fraud, that you would just be losing big bux.
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Lols. It would be the goddamn lottery.

Imagine all the people who put money into Obama when he was down to like 40%. They must be feelin good now.
 
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