Obama Gets Lead Back With Prediction Markets
Following two weeks of a sharp decline, Democratic Presidential candidate Barack Obama has nearly gotten his entire lead back in just a matter of days with the prediction markets. Obama and GOP nominee John McCain were listed with even odds just one week ago at Bookmaker.com, the oldest established US-facing online bookmaker.
Obama had been a -205 favorite to become the next President just prior to the Democratic Convention. Following McCain's selection of Alaska Governor Sarah Palin at the start of the Republican Convention, Obama witnessed his lead drop by more than 10 percent at some online prediction markets.
Heading into the weekend, Barack Obama surged ahead of John McCain in Friday's Gallup Poll, 49-44 percent.
It's Obama's biggest lead in two weeks. And his 49 percent rating is just off his all-time high of 50 percent, say the Gallup pollsters.
The financial turmoil that has rocked global markets appears to be benefiting US presidential hopeful Barack Obama, according to a new poll released Monday that finds the Democratic candidate pulling ahead of his Republican opponent John McCain with a 51 percent to 46 percent lead.
The CNN/Opinion Research Corporation poll also finds that by a two-to-one margin Americans blame Republicans for the current financial crisis.
Forty-seven percent of registered voters say Republicans are more responsible for the state of the economy, compared to 24 percent of registered voters who say Democrats are more responsible.
