Tags: Futures | Market | Picks | Obam

Futures Market Picks Obama To Win in NH

Friday, 04 Jan 2008 12:13 PM

By Newsmax Staff

Following Barack Obama’s win in the Iowa caucuses, a leading “futures market” is predicting that he will also triumph in the New Hampshire primary.

RasmussenMarkets.com and similar futures markets allow individuals to place their bets on shares that represent various Republican and Democratic candidates. As participants buy and sell stock in the candidates, the sites offers them the opportunity to make or lose small amounts of money. The goal for the traders is to back the right candidate for his or her party's nomination, and earn money on the investment.

The most recent figures posted by Rasmussen, a polling company, on who will win the New Hampshire primary showed shares of Obama were worth 69 cents, and shares of Hillary Clinton stood at 44 cents. John Edwards’s shares were worth just 2 cents.

Before the Iowa caucuses, a futures market conducted by the University of Iowa had Hillary the likely Democratic nominee, with her shares selling for 63.3 cents compared to Obama’s 24.4 cents.

In the Rasmussen market, John McCain’s shares were tops at 70 cents, with Mitt Romney second at 24.4 cents and Mike Huckabee at just 5.6 cents. Rudy Giuliani’s shares are selling for 1.7 cents.

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