Imagine you could buy shares of the statewide candidates. After the election winners would pay out $1.00 per share – losing positions would pay zero. So if you buy a share of Kevin Wade, say, for $0.01 (one penny) would you do it? Are “Smooth like Suede’s” chances better than 1%? Is that a good bet?
Anyway, when you have a lot of buyers and sellers with fairly decent knowledge of the markets, the truth appears to emerge from these types of transactions. Futures markets are good predictors of political outcomes. So let’s get it rolling.
These are last night’s closing prices. Put your buy and sell orders in the comments section and I’ll up this for as long as it remains interesting to me.
Senate: Chris Coons 0.98 – Kevin Wade 0.01 – Carl Smink 0.01
House: John Carney 0.99 – Rose Izzo 0.01
Attorney General: Matt Denn 0.93 – Ted Kittila 0.07
Treasurer: Chip Flowers 0.40 – Sean Barney 0.35 – Ken Simpler 0.15 – Sher Valenzuela 0.10
Auditor: Brenda Mayrack 0.41 - Ken Matlusky 0.08 – Tom Wagner 0.49