Intrade Speculators Predict Obama Re-Election

Well now those greedy, market-destabilizing, market-manipulating speculators have changed course, and they're now driving ga

The chart above displays the S&P 500 Index and Intrade odds for Obama to be re-elected, on a daily basis back to December 2010.

Intrade, the popular Ireland-based betting website that allowed people to wager on everything from political elections to the Oscars, announced Sunday that it is completely shutting down. Intrade has long been under pressure from U.S. regulators, and last November, the Commodity Futures Trading Commission sued the website for operating an improper, off-site options exchange. Intrade promptly banned U.S.-based traders — which made up the bulk of its users — from placing bets on the site.

Intrade, the popular Ireland-based betting website that allowed people to wager on everything from political elections to the Oscars, announced Sunday that it is completely shutting down. Intrade has long been under pressure from U.S. regulators, and last November, the Commodity Futures Trading Commission sued the website for operating an improper, off-site options exchange. Intrade promptly banned U.S.-based traders — which made up the bulk of its users — from placing bets on the site.

Well known online betting site InTrade is completely shutting down, according to a memo posted to its site. The news was first noticed by Wealth.net. The full text of the memo is pasted below the dotted line.

Intrade odds for Obama's 2012 re-election fell bel

Obama's re-election odds on Intrade have been trending downward sinc