For all you trader-gambler types here's a little PD bit from FT:
Online market sees 80% chance for bailout plan
Investors see an 80% chance the US Congress will approve a bailout of financial services companies on or before Sept 30, according to the online prediction market Intrade, reports Reuters. The market opened on Tuesday at 60% and has ranged between 55% and 95%. It traded at 80% as of about 2.30pm EDT. Intrade said at 444 trades in a little more than 24 hours, the bailout question has been one of the more popular markets recently, on par with a market on whether Republican vice presidential candidate Sarah Palin might be replaced. Intrade accepts trades on the probability of all manner of events, often with a political bent.
lj
Online market sees 80% chance for bailout plan
Investors see an 80% chance the US Congress will approve a bailout of financial services companies on or before Sept 30, according to the online prediction market Intrade, reports Reuters. The market opened on Tuesday at 60% and has ranged between 55% and 95%. It traded at 80% as of about 2.30pm EDT. Intrade said at 444 trades in a little more than 24 hours, the bailout question has been one of the more popular markets recently, on par with a market on whether Republican vice presidential candidate Sarah Palin might be replaced. Intrade accepts trades on the probability of all manner of events, often with a political bent.
lj
