InTrade and Action
For once, I’m in agreement with Ed Morrissey:
Why [should the GOP abandon the presidential run] — just because some people who like to bet say so? InTrade is a bookie service, and nothing more. InTrade has a very brief history, in which it has demonstrated no predictive value whatsoever. It’s as reliable as an on-line poll. It measures only those who feel motivated to buy shares (place bets) on one candidate based on the individual belief of their likelihood of victory.
While I think he belittles InTrade too much, writing it off as a glorified bookie, no one should be altering their real world plans based on contract values in that market yet. Especially with recent findings of tampering.
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