Traders bet Hillary will win Ohio, lose nomination

[OhioChick]

Source: Times of India

27 Feb 2008, 0451 hrs IST

WASHINGTON: Traders on the Intrade political predictions market were betting on Tuesday that Hillary Clinton would win the Ohio primary next week but lose Texas and the race for the Democratic presidential nomination to rival Barack Obama, trading data showed.

Traders on the Dublin-based exchange gave Obama, the Illinois senator, an 83.7 percent chance of winning the race to be the Democratic presidential candidate in the November general election, versus a 17.1 percent chance for Clinton, the New York senator and former first lady.

Traders on the Iowa Electronic Markets, a real-money exchange run by professors at the University of Iowa, gave Obama an 80.4 percent chance of winning the nomination, compared to 18 percent for Clinton, trading data showed.

Prediction exchanges give traders an opportunity to buy and sell contracts on the likelihood of future events.


Read more: http://timesofindia.indiatimes.com/Traders_bet_Hillary_will_win_Ohio_lose_Democratic_nomination/articleshow/2818013.cms