I meant “smart” money ... we dont know whether the smart money is buying or selling.
Oh. Well, in that respect, I’d say that the Wharton School’s study offers evidence that it is the Intrade Market itself that is “smart money” — i.e., that the aggregate of trades on the Intrade Market, taken together, is a highly accurate “daily snapshot” of the current race (similarly to a very low-error-margin traditional Poll).