[IMRight]

Billionaires can't "game" the IEM system. At least not more than any other guy willing to lose a buck.


The Iowa Elections markets limit total investment to $500 per user. So no amount of millions Soros may be willing to sacrifice can rig the system.

Now, anyone who's willing to lose a buck and sell a "Bush" contract for well below market value WILL record a sale. Obviously if I currently have to pay .55 for a Bush share and you offer it to me for .50, I'm going to buy it and make a quick profit. But any fool can do that if he's willing to throw a couple buck away. As you noted, it doesn't affect the overall numbers.

[hobbes1]

then, Maybe, just maybe, those little rejects over at the DNC war room are throwing away a couple bucks. It is not feasible to otherwise expalin a net 8 cent move at closing time. Current prices are already back to normal