Links didn’t come out right.
Intrade Play Market
http://play.intrade.com/jsp/intrade/contractSearch/
How does Intrade work?
https://www.intrade.com/jsp/tradesports/help/howitworks.html
Popular Science Magazine.
http://ppx.popsci.com/
Iowa Electronic Markets was the first futures exchange.
http://iemweb.biz.uiowa.edu/graphs/graph_RConv08.cfm
Popular Science futures market faq: http://ppx.popsci.com/help/faq.php
Maybe you can help me understand this.
If I buy a Hunter contract for 5% or $.50 and I sell it at 75%, I have made $7 from the buying trader.
What happens if I hold onto the contract and Hunter wins the Presidency(I believe I would make $9.5). Where does the money come from?