Republican Nomination Battle: Prediction market says outcome is already clear

Notch up New Hampshire as another victory for the wisdom of crowds. The punditocracy, and the polls, both suggested that some kind of an upset was on the cards. Intrade, the prediction market, was never swayed. Nobody publicly doubted that Mitt Romney would win, but the media handicapping system was in place. His comment that he liked being able to fire his health insurer was branded, rather tenuously, as a full-blown Freudian gaffe.

Read Full Story>>