Studies: Markets Better Election Predictor
Bookmark & ShareSeptember 2, 2008
Source: New York Daily News
Political betting on financial markets outperforms polling as an elections predictor, according to a University of North Carolina study and figures from the IOWA ELECTRONIC MARKETS. Only twice in the century through 2004 -- the 1916 election and the 2000 contest between Bush and Democrat Al Gore -- did the betting markets get it wrong on the popular vote. The story originally appeared on the BLOOMBERG news wire.
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