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