I have to remind everyone that Intrade had Obamacare 9:1 to be repealed.
I have a hard time understanding why anyone takes Intrade seriously.
I remember a recent election (maybe GOP Senator Scott in Massachusetts) that had the Republican’s percentage way below 50% through election day and then as the returns came in, the “probability” zoomed to 70% and then 100%. Intrade is merely another gimmick to play with people’s minds and has no true predictive power, any more than the price of one stock can predict the economy as a whole.