July 2, 2004 | BloombergNorth Carolina Senator John Edwards is the favorite among online bettors to become Democratic presidential candidate John Kerry's running mate. On the Dublin-based Intrade Exchange Internet betting site, bids on futures contracts give Edwards a 47 percent chance at being Kerry's choice for vice president. Intrade and sites such as the Iowa Electronic Markets allow traders to bet on everything from monetary policy decisions to elections. A UNIVERSITY OF IOWA study in November 2000 found "considerable accuracy" for such markets.
Contact: Robert Forsythe