{"id":180224,"date":"2010-01-14T09:55:00","date_gmt":"2010-01-14T14:55:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/what-traders-are-predicting-at-intrade-2010-1"},"modified":"2010-01-14T09:55:00","modified_gmt":"2010-01-14T14:55:00","slug":"how-traders-are-making-money-on-sarah-palin-osama-bin-laden-and-tim-geithners-resignation","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/180224","title":{"rendered":"How Traders Are Making Money On Sarah Palin, Osama Bin Laden, And Tim Geithner’s Resignation"},"content":{"rendered":"

\"intrade_4x3\"<\/a>In the Internet age, betting has become more commonplace than ever, even with the government cracking down on it.<\/p>\n

But it’s not just sports betting.<\/p>\n

Websites like Intrade.com<\/a> allow people to pretty much bet on any event in the world. You can bet on everything from Osama Bin Laden’s capture<\/a> to the delivery date of a celebrity’s baby.<\/p>\n

Here’s how it works. Each contract asks a simple question, like: “Will Obama be re-elected?” or “Will Israel bomb Iran?”<\/p>\n

There’s always a pair of trades, so you can take the affirmative or negative. If you guess<\/span> trade right, the contract ends at 100. If you’re wrong, the contract ends at 0. In the meantime, the price fluctuates based on supply and demand like any other futures contract.<\/p>\n

If a contract is trading at, say, 23, it’s reasonable to say that the market is pricing in a 23% of the event happening.<\/p>\n

So let’s see what the future holds -><\/a><\/strong><\/h2>\n

Join the conversation about this story »<\/a><\/p>\n

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