Rasmussen Prediction Markets For Sept 13th

The idea behind political prediction markets is simple. Lots of people wager on the outcome of political campaigns: Who's going to be the Democratic presidential nominee? Will the Republicans take back the House? And when the votes are counted, the winning bettors collect. The thrill of prediction markets for political junkies is that they harness "the wisdom of crowds." A single person's bet on an election outcome isn't very good, but thousands of bets, with real stakes, are more likely to predict the correct result than even the best pundit.

Here are the mid-morning numbers on the events I am tracking with the first number the bid price, and the second the asking price:

Presidential Race

52.9/53.0 John McCain Win

45.9/46.0 Barack Obama Win

North Carolina Electoral College Votes

81.0/89.5 Republican Win
14.0/19.5 Democrat Win

North Carolina Senate Race

65.0/67.0 Dole Win
35.1/40.0 Hagan Win

You can find out more at Rasmussen Markets.