Published on 6th November 2012
The votes of traders in political futures have been pouring in for months, and they say President Obama lands a second term in Tuesday's election. The chances that Obama is reelected stood at about 71% on Tuesday morning on Intrade, near a one-month high and up about 3% for the day in early trading. The chances that Republican Mitt Romney wins the presidency were about 29%, close to a low for the past month and down about 4%. Most people buying political futures on the site also apparently believe that Republicans will retain control of the House and Democrats will hold on to their majority in the Senate. [Los Angeles Times]