I was questioned by my dear wife as to the prospect of McCain dropping Palin like a hot potato. I said it really isn’t likely.
But – by the looks of it I could be wrong.
Intrade, an online prediction market based in Dublin, created a contract Tuesday morning on the likelihood that John McCain will drop Palin as his running mate. After opening at a probability of just 3%, the odds on Palin being cut from the ticket climbed to 18% around 9 a.m. and have since settled at around 12%.
Intrade is a place for betting enthusiasts to turn a small profit on everything from the latest auction of works by controversial British artist Damien Hirst to Britney Spears’ chances of landing in rehab. Contracts on a possible future event are bought and sold by users of the site, like a stock on the NYSE.
It gets curiouser and curiouser.