Prediction markets now see Obama defeating Clinton

February 12, 2008
Prediction markets now see Obama defeating Clinton

WASHINGTON - Traders wagering on the outcome of the US presidential vote were overwhelmingly betting on Monday that Illinois Sen. Barack Obama will defeat former first lady Hillary Clinton for the Democratic nomination and ultimately win the presidency.

Obama, whose campaign swept four state Democratic presidential contests against Clinton over the weekend, was trading at about 70 on Monday on the Dublin, Ireland-based Intrade predictions market, meaning traders gave him a 70 per cent chance of being the Democrats' presidential candidate in the November election.