[billybudd]

The total value of the market is $20,000. It has no predictive power, because it is either a) based on a microscopic sample or b) on petty $1 or $5 bets or c) both. This "market" is not the same as the NYSE or NASDAQ, which have valuations in the trillions of dollars and represent knowledge and decisions of millions of people.

[IMRight]

Yes, but the polls are essentialy closed in many of the important races, so there's no "push" value of investing at this point in the day. This is entirely where the investors expect the market to go, and it moved pretty suddenly (take a look at previous races and you'll se a good indicator).

Also, read it again. I think you'll find it's worth more than $20,000. Remember, this is a "futures" market. I suspect that each of those 20,000 contracts is for more than one "share"