Investing
Obama/Romney Futures Markets Show Changes After Presidential Debate
Published:
Last Updated:
Futures markets for political events are often challenged as far as the reality versus the pricing because they are based on live real money bets rather than on true sentiment. They also have been criticized over their validity. After all, it takes real money to move the needle either way, and many people do not know how to put real money to work in new markets like this. Still, here is what the Intrade.com market values have indicated after Wednesday’s presidential debate between Barack Obama and Mitt Romney.
Mr. Romney has recaptured much lost ground after his “47% leaked news” hurt his ratings. Intrade is still showing only a 34.5% change that Romney wins and shows a 65.4% chance that Obama wins. What did occur is that the value of the Obama Gets Re-elected contract is down 2.2% to $6.54 and the contract for a Romney victory rose by 3.3% to $3.45 after the debate.
The event-based futures markets have been accused of being manipulated before. We have shown the two charts below from Intrade to show what has happened in these markets. Again, we will leave it up to you to determine just how valid these markets are.
We also have a poll at the end of this for our readers to take. Tell us which candidate you think won the first presidential debate.
[polldaddy poll=6582685]
JON C. OGG
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
