How much trouble are the Republicans in Congress facing? Well, the futures markets look grim for them.
Specifically, I’m talking about the futures market over at NewsFutures, a web site that allows users to trade futures in events happening in the news. Essentially, it’s betting, though this site does it with a virtual kind of money. Collectively, people set the price of investing in the chance of an event happening, from 0 to 100. The higher the price, the more certain the collective wisdom is about that event taking place.
How do the NewsFutures people rate the likelihood of the Democrats taking back the majority rule of the House of Representatives? 79 out of 100.
