Iowa Market predicts Obama win on November 6
The Iowa Electronic Markets predict that President Obama will be re-elected on Tuesday November 6. As of 15:00 CST on Sunday, November 4, the lastest quotes show the average price for the contract predicting an Obama win was trading at 71.4¢, while the contract predicting a Romney win was trading at 29.9¢. This means that traders are putting the odds of an Obama win at roughly 7-to-3, even though the margin of the popular vote difference is currently predicted by the markets as just 1.4%.
Posted Monday, November 5, 2012 at 08:00