For the first time since right after the Iowa caucus, Obama is leading Hillary as the likely Democratic nominee on Intrade. Of course, I have serious doubts about the reliability of these prediction markets, but it's at least an indication of how people with money to blow are interpreting the results of Tuesday's primaries.UPDATE: The Rasmussen markets data agree with Intrade's -- 58% chance of Obama getting the nomination. This is interesting to me, in light of the conventional wisdom on Wed. that the primaries were a draw.UPDATE II: Iowa Electronic markets also concur.

Eduardo M. Peñalver is president of Seattle University. The views expressed in this piece are his own and do not represent the views of Seattle University.

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