IEM: Traders Bet Obama Beats McCain in U.S. Election

Democratic presidential candidate Barack Obama will beat Republican John McCain in the November U.S. presidential election, prediction market traders were betting on Wednesday. Traders on the Dublin-based Intrade prediction market gave Obama a 61 percent chance of winning the November 4 election, versus a 35 percent chance for McCain. Traders on the IOWA ELECTRONIC MARKETS gave the Democrat an almost 62 percent chance of winning, versus a 39 percent chance for the Republican.

Read the article