March 17, 2008

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Another use for political betting markets

Instead of getting primary and main election donations, politicians could bet a prearranged fraction of their donations on their own nomination. An interesting feature is that long-shots get a huge funding boost (if Mike Huckabee had invested 25% of his funds into his own nomination contract at an average of $.05, his post-primary fund would be 500% of the original sum he raised).


10:56 PM |

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