BTW, Intrade introduced a contract today for when Fred might drop out. No sells yet, ask price is 0.1 and on the practice market the ask price is 40. No Takers. I’m not sure how that works. If you buy at $40 and Fred does not drop out, I guess you lose your $40. It seems like it would be hard to bet FOR your guy in the dropout race, you can only bet against him.
Politics - 2008 US Election
Contract Bid Ask Last Vol Chge
Dropouts from 2008 Presidential Race
DROPOUT.DEC07.(F)THOMPSON
Fred Thompson to drop out of 2008 Presidential race on/before 31 Dec 2007 M 0.1 - - 0 new
DROPOUT.DEC07.(F)THOMPSON
Interesting. Where exactly are these contracts generated?
Thin markets are easily distorted.