the blog of DC Drinking Liberally

October 25, 2005

Place Your Bets!

by

I’m no gambler, but it can be entertaining to look at prices on betting sites that cover things other than sports. Currently Intrade has the following most recent trade prices for selected US legal events:

I. Lewis Libby to be indicted ON or BEFORE 31st DEC 05
75.6
Karl Rove to be indicted ON or BEFORE 31st DEC 05
50.2
Harriet Miers to be Confirmed to the Supreme Court by the US Senate
35.0
Tom DeLay to be found guilty of conspiracy to violate political fund raising laws
15.5
Tom DeLay to be found guilty of conspiring to launder money & money laundering
22.0

The prices, which can range from 0 to 100, roughly correspond to the percentage likelihood the market is assigning to the events. The DeLay numbers are disappointing, but then ultimately they’re all meaningless since the people buying and selling presumably don’t have any inside information.

Judging by the current rumblings, with luck we may have some indictments to toast this week. Remember, if you want to be in the loop for Thursday Drinking Liberally, you need to subscribe to the new announcement list.

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DCDL is a blog by Washington, DC-area members of Drinking Liberally. Opinions expressed are the writers’, not those of Drinking Liberally, which provides no funding or other support for this blog.

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