Blogs & Comment

Obama favored for President

Intrade.coms prediction markets on the U.S. Presidential election are the most popular on the betting website, and have high trading volumes. This makes their forecasts worth consideration compared to low-volume markets such as the one for a U.S. recession (mentioned in my previous post).
At the moment, Democrat candidate Barack Obama is ahead. According to bettors, his chances of winning the 2008 presidential election stand at 62%, compared to 35.4% for Republican candidate John McCain. But the vote is still a long way off; a lot could happen in the meantime.