General Discussion
In reply to the discussion: FAUX News Poll Romney 46/ Obama 45 LV Oct 7 to Oct 9 [View all]jsmirman
(4,507 posts)Intrade has held steady from before and after this announcement.
Intrade cannot be expected to predict the future accurately. It is a market. It is a bunch of people's best guesses interacting to set a price on a contract.
What it can be expected to do - because it is an efficient market, in this sense - is to immediately incorporate widely available public news.
There's no such thing as "a slow reaction" to something that is actually important new news.
If there were, well, then, any one of us could essentially start printing money.
There have to be reasons for Intrade to treat this "news" with hardly a ripple.
And I don't think it's because people are waiting to see how Joe Biden does, because anyone who trades is willing, if the trade does what they wanted it to do, to move in and out of a trade within a day.