Bargain at Intrade

[ciphergoth]

You can buy shares in Sarah Palin being dropped from the GOP ticket at the bargain price of 11.7 as of right now. That means that you can spend $11.7 on such a future, and it will be worth $100 if she's not on the ticket by election day (and $0 otherwise). I reckon it's worth at least twice that, and if I had spare money for gambling I'd buy a few...

Comments

[uon.livejournal.com]

Also, shares don't mature. It's more like a zero-coupon bond with a high probability of default.