One Trader Lost Big Betting On Romney Near End of 2012 Campaign

$4 million to $7 million

Amount that a single trader lost in the final weeks of the 2012 election placing 1.2 million Intrade bets on Mitt Romney, according to a new academic paper examining presidential betting — perhaps to “make the Republican nominee’s chance of victory appear brighter,” the Wall Street Journal reports.

One comment

  • September 24, 2013 - 12:52 pm | Permalink

    Is that why Intrade basically folded a few months after the election?

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