Well, it looks like Martha Coakley has conceded and the AP and CNN are calling the race for Republican Scott Brown. Scott Brown has pulled off one of the biggest upsets in recent political history. The Democrats have lost their 60 seat majority in the Senate that Al Franken waited about 6 months for.
It’s unfortunate that the Intrade Prediction Market is down right. It’s not the only site that experienced heavy traffic and I heard even the Drudge Report was down for a little while. Still, I would have expected Intrade to be ready for something like this. People are trading real money. This is serious business.
I’m currently still holding on to 30 positions at 12%. I sold some at around 60% to make sure I didn’t lose no matter what happened tonight. One of my best bets with regards to amount risked to amount won. An amazing run on Intrade. People who bought in under 40% got a great deal. Congratulations to everyone who won. Better luck next time to those who lost.
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