Posted by: Dan Beucke on September 02
By Joseph Weber
Gamblers who think Alaska Gov. Sarah Palin will be dropped from the vice-presidential line on the Republican ticket have a place to put their money on the line now. Intrade, the nine-year-old Dublin-based online prediction market where bettors can wager on anything from hurricanes to Emmy award candidates, has set up a market called “Sarah Palin to be withdrawn as Republican VP nominee.”
By late afternoon in Ireland, the market had attracted only a small number of bidders who snapped up about 319 "contracts." They gave the chance of her withdrawal at 10-12%. Bettors wager $10 bets.
Though just tapped, Palin is already taking hits for some of the baggage she'll bring to the job. The New York Times, for instance, has played up her 17-year-old daughter's pregnancy, her past support of a party that has backed secession for Alaska, and her husband's drunken-driving charge 22 years ago.
Washington Bureau Chief Jane Sasseen and other BusinessWeek writers cover the run-up to the Nov. 4 presidential election, paying close attention to how the candidates will handle issues such as housing, the economy, unemployment, and immigration.