Political Futures (navel gazing)

It’s interesting that as of  10:00 this morning, you can buy at Intrade (I’m not sure if US citizens can) the chance that the Democratic nominee will be elected President for $5.12 and sell the chance that Obama will be re-elected for $5.16.  This would guarantee an arbitrage profit of $0.04 or about 0.8% which would be huge in the finance world.

Advertisements

About egorelick

Gadfly. Former City of Alameda Healthcare District Board member.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s