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Election Madness, Part I: Five Bucks on a Change in World History

Explore electronic markets for political races and find out how people bet money on political outcomes today.

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Slate did something that I've been meaning to do for weeks: put together a summary of the various electronic markets where people bet money on the outcomes of political races. I find it quite amusing that there are lots of people (hundreds? thousands? I've no idea) sitting around in the underwear, in front of their computers, betting good money on the fate of national politics. I imagine that this kind of thing used to happen in back rooms filled with political machers, beefy teamsters, cigar smoke, and plenty of scotch. Now, in messy, exurban bedrooms around the country.

Anyway, go check it now before the election's over...

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