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"All of life is a horse race!" Why should our presidential election be any different? Place your bets!

"All of life is a horse race!" Why should our presidential election be any different? Place your bets!

Nate Silver, the proprietor of the fantastic electoral projection site FiveThirtyEight.com, notices that the presidential betting market on Intrade is behaving very oddly: "Some individual traders or some small group of traders are shorting all the Obama contacts in bulk and resetting the entire market. The markets then organically climb back upward until the rogue trader strikes again six or eight hours later."