Prediction market update: Obama’s re-election chances on the rise again

In the prediction markets, Obama’s re-election chances have been climbing again each day this week.

On 10/24 Intrade predicted a 56.7% chance for re-election. Yesterday it was a 61.8% chance. And today it’s considered to be a 63.9% chance to 36.5% for Romney.

Things are settling in for the home stretch as Romney is finding it very difficult to break through the small-but-persistent lead Obama has in the key battleground states.


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