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Economic News, Data and Analysis

Iowa Electronic Markets

As of today (friday) the Iowa Electronic Markets has the following odds for the election next week:
(Based on last trades)
Rep House and Senate: 25%
Rep House / Dem Senate: 48%
Dem House / Rep Senate: 4%
Dem House / Dem Senate: 25%
Why don’t they add up to 1? Either there are arbitrage opportunities or the bid-ask spread is large enough. It looks like the latter to me.

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Filed under: Politics

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