Would a candidate for U.S. Congress advocate market manipulation?
Spotted on the “Jim Miceli for Congress” website:
Show Your Support. Buy shares of James Miceli for Congress at Inklingmarkets.com.
Unfortunately for Miceli, Inkling players are not going for him. The Miceli contract price is the blue line at the bottom of the chart.
The market asks “Who will win the Democratic Primary in the Massachusetts Fifth Congressional District Special Election?” (There is a complementary market for GOP candidates, though typically the district is solidly Democratic so the expectation is that the Democratic primary winner will be elected.)
The market has been very active, in part due to bloggers advocating that supporters for one or another candidate “show their support.”
Market creator, David Eisenthal, blogged about the market launch on a popular Massachusetts progressive politics blog, and word spread….
As a trader on Inkling markets, and in particular now heavily invested in this market, I say come one, come all.
Market Manipulation?
by David Eisenthal
http://davideisenthal.typepad......ipula.html
Curiously, the Inkling market on the outcome of the Democratic Primary for the Massachusetts 5th District in the U.S. Congress appears to be the most actively traded current market on Inkling! More trades there than for the U.S. presidential markets, the Barry Bonds home run markets, the iPhone market share market, and on and on.
Who knew that there was such widespread interest in the race to replace retiring Congressman Marty Meehan?
http://home.inklingmarkets.com/active/markets
More evidence for “manipulation => volume => good for prediction markets”?
Hey, if that’s true, this info deserves a full blog post, not a comment seen only by 2 dozens people.