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stock trading question
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Alateixe     Reply with quote
l saw something on TV one night about a month ago about this site where people can go online and buy stocks in current events and candidates and other things, like for instance, you can buy stock in Barack Obama and whether or not he will win a certain state

does anyone know the name of this site by any chance?l knew it was i-something, but l can not remember

HELP - 10 points for the first person to get me the right answer
Beert     Reply with quote
Ten points is not enough, l want twenty.
Star Rider     Reply with quote
l will answer for 15
User     Reply with quote
Here is an article on it from bloomberg.com about that company,Intrade, which is actually a futures contract on the election.
it is called:
Obama Could Win 364 Electoral Votes, Traders Say (Update1)
By Julianna Goldman


Oct. 14 (Bloomberg) -- Barack Obama is likely to pick up 364 Electoral College votes, far surpassing the 270 needed to claim the presidency, by winning battleground states including Virginia, Ohio, Florida, & Colorado, online traders say.

Bettors on the Dublin-based Intrade is political futures market believe Obama, the Democratic presidential candidate, will prevail in all the states won by party nominee John Kerry in 2004, in addition to picking up other previously Republican strongholds such as Nevada & Missouri. Arizona Senator John McCain, the Republican nominee, would pick up 174 Electoral votes, winning states such as Texas, Indiana & West Virginia.

As the economic crisis dominates the presidential campaign, Obama, an Illinois senator, has surged in national polls over McCain. Obama has opened a 10 percentage-point lead over McCain, 53 percent to 43 percent, among likely voters nationally in a Washington Post-ABC News poll taken Oct. 8-11. That is up from a 4 point lead in a Post-ABC poll taken at the end of September.

Still, the presidency will be decided state-by-state -- with the candidate who wins the Electoral College, where votes r distributed by winner take all in most states. The two exceptions r Maine & Nebraska, whose votes r apportioned by congressional district.

Obama Expands Lead

Futures contracts at Intrade, a unit of Dublin-based Trade Exchange Network Co., show a number of the states that Democrats lost four years ago favoring Obama by at least 2-to-1 margins including Ohio, Pennsylvania, Florida, Iowa, Colorado, New Mexico & Nevada. Though Obama is chances r less in Missouri & North Carolina, bettors say both r leaning Obama & have factored the states' combined 26 Electoral College votes into the total.

Contract prices on Intrade reflect the odds of a candidate winning & r all-or-nothing wagers. A contract showing a 50 percent chance a candidate will win Ohio, for example, would cost $5 & would pay $10. If the candidate does not win, it would settle at zero.

Such markets have been more accurate than polls in past elections. In part, that is because people r placing money on what they expect to happen as opposed to what they would like to happen & who they plan to support.

To contact the reporter on this story: Julianna Goldman in Toledo, Ohio at jgoldman6bloomberg.net
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