Wednesday, March 17, 2010

Intrade Obamacare Security Collapses Overnight: Loses 50% Value

The Intrade prediction market security that tracks Obamacare lost 50 percent of its value overnight as Bloomberg reported "Health-Care Bill Faces Delay as Democrats Struggle With CBO."

The contract closed on Tuesday at 70.3 and last traded this morning as of 3 AM ET at 35.1.

The security terms require 'Obamacare' health care reform to become law before midnight ET 30 Jun 2010.

1 comment :

  1. Don't you have anything better to do at this hour than be monitoring bloody Intrade?