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?

  • Leave a Reply

    Your email address will not be published. Required fields are marked *

    You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>