[ableChair]

max contract position doesn't matter. Any resourceful person can find hundreds of surrogates to invest through. Especially if we're talking about an organized group like a 527.

[labard1]

The max contract limits just make it more expensive (in administrative time) to make all the bets. Sure, someone can get around them, but the bets are peanuts-- the amount of money on all these contracts wouldn't feed an elephant for a week, I suspect.

Also, notwithstanding all this flurry, Bush is now ahead about 8 percentage points in this (Iowa Electronic) market (and 19 percentage points in the SportsTrade aka Intrade-- Irish betting site market). The benefits of this trade are that it got picked up at least twice (perhaps more) on the CNBC cable, which has trivial market share (the viewers being mainly investors who are part of Bush's base).