Intrade news stories on Newser

Top 5 Picks for Romney Running Mate

Matt Cantor — Fri, 06 Apr 2012 15:56:05 CDT

There's no way of knowing who will join Mitt Romney on the GOP ticket—but Intrade is willing to guess. The online futures site offers odds on various contenders, and the Daily Beast takes a look at the top five: Marco Rubio, 24.9% . The Florida senator is a Cuban-American...

Gingrich's Stock Plunges on InTrade

Kevin Spak — Thu, 15 Dec 2011 12:40:17 CST

If you had to put your money on it, would you bet that Newt Gingrich will win the Republican nomination? If so, you're in the minority. After days of punishing attacks, Gingrich's odds of victory on InTrade have plummeted, observes Zeke Miller of Business Insider . At one point, bettors were...

Romney Dips Below 50% on Intrade for First Time

John Johnson — Tue, 29 Nov 2011 16:10:17 CST

Business Insider takes note of a milestone of sorts in the Republican race: Mitt Romney dropped below 50% for the first time today at Intrade , the site that allows people to wager on predictions. Romney slipped to 49.3% this morning, down from 70% at the start of the month....

Want Predictions? Bet on Markets, Not Polls

Nick McMaster — Mon, 18 Aug 2008 19:23:54 CDT

Opinion polls have a spotty track record when it comes to predicting political events, Paul Parsons writes in the Telegraph . He recommends a clearer crystal ball: futures markets, such as the University of Iowa’s Electronic Market. Functionally the same as a financial market, IEM allows individuals to bet between 1...

Traders Bet On McCain vs. Obama

Sam Gale Rosen — Tue, 04 Mar 2008 10:00:00 CST

Traders in online prediction markets are betting on Barack Obama and John McCain as the winners in their respective primaries today. The Intrade and Iowa Electronic futures markets let traders wager real money on outcomes political and otherwise; both markets give Obama's chances for winning the nomination as almost 80%,...

Bookies Pay Out on Longshot Clinton Bets

Jason Farago — Thu, 10 Jan 2008 12:39:42 CST

Clinton supporters of an apolitical kind had reason to celebrate after her surprise win in New Hampshire: bettors on a Hillary victory reaped huge payoffs after her odds dropped to a low of 100-to-1. Bloomberg reports that the Dublin-based Intrade had made an Obama result a near certainty, leaving contrarians...

Futures Market Predicts Libby Pardon

Sun, 11 Mar 2007 16:28:46 CDT

Traders at the online market Intrade.com betting big that President Bush will pardon Scooter Libby. CNN reports that at the "prediction market," where people buy and sell futures contracts on real-world events, 63 percent of traders are bullish on the prospect of Libby receiving a pardon before the end...