Main | Tuesday, July 08, 2008

Betting On Gay Marriage

Intrade, the online stock trading /gambling site that allows players to bet on social issues rather than sports, is currently showing California's gay marriage amendment as selling at 40, meaning that only 40% of the site's thousands of traders believe that gay marriage will be overturned. If you buy at 40 and the players' opinions turn in the amendment's favor, then the price will go up and you can sell the difference at a profit. The amendment's stock sold as high as 60 in recent weeks, but has steadily dropped.

RELATED: Barack Obama's stock is presently at 64.

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