Fascinating website out there. A clearing house for all things fun. intrade.com
I enjoy watching this one. A perfect example of a boom and bust. A bubble growing and then correcting.
Note the downward path of the price of Obama Winning in 2012 starting in March of this year. Then, the “bubble” where Obama took out Osama bin Laden.
Then the correction.
Free markets baby, the free market!
Hat Tip: Mark Perry at Carpe Diem
UPDATE:
Here is another look at the same bubble from Rasmussen: His polling is 3 days behind due to how he computes polling.
Already back to pre-hit levels.