US Election Daily Update: Early-indicator states to spark market volatility

NYC Mayor Michael Bloomberg will have caused significant damage to Mitt Romney’s campaign by listing the Republican candidate’s various flip-flops

A series of blows to Romney's campaign have seen the odds on Obama's re-election shorten dramatically, but Jack Houghton thinks that those states whose votes are called early might re-ignite the belief that Romney could win, and cause an explosion in the Betfair market.

"Going into that election, Bush was the prohibitively short-priced favourite, but amidst rumours of high voter turnout – which was supposed to favour Democrat John Kerry – by midnight on the day of the election the odds had completely flipped, with Bush out to [5.00] and Kerry as short as [1.25]."

Jack Houghton


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