SCOTUS Likely to Rule Obamacare Unconstitutional

UPDATE:  Heard enough lame analysis from the lame stream media on Obamacare and the SCOTUS decision? As usual, we turn to “prediction markets” for some sanity. Not legal here in the US, prediction markets allow people to make bets on event outcomes. We looked at prediction markets during the Walker recall election after noticing that the lapdog media was spinning the election polling in favor of their union comrades. The actual betting results on the morning of June 5, 2012 (Recall election day) gave Walker a 93% chance of victory. The consensus in the lame stream media was that the race was too close to call. 

Since the predictions of free individuals putting their money-where-their-mouth-is was so at odds with what the "experts" were saying, we decided to take a closer look at the upcoming SOTUS decision on Obamacare. The chart below shows a rolling 90-day closing price from the political prediction market, Intrade. Note that this graph is continually updated. Each number on the price scale represents the market-based probability in percentage terms for the event occurring (in this case, that the individual mandate is rule unconstitutional). A price of 75 represents a 75% probability of SOTUS declaring Obamacare unconstitutional.



>> You can learn more about "Prediction Markets" here.