Via Talking Points Memo, I learned about intrade.com, “The Prediction Market”. It’s set up like a stock trading site, but really what it is, is online gambling taking bets on current events. Kind of a slick re-casting of the concept, really. There’s a wide variety of topics, from legal to entertainment to whatever. I’d kind of like to be active in stock trading, but I have a hard time getting involved because I know there’s a lot of stuff I don’t know, so I couldn’t adequately predict what will happen with them. But things like this, I feel like I could be closer to making informed guesses, so it has some appeal to me.

I haven’t made the plunge, but I’m starting to itch to bet on who’s going to win the presidential election. The problem I have here, though, is which one to bet on. I really think Obama’s going to win, so I’d like to cash in on that…but on the other hand I am wondering if I should hedge my bets on McCain. If he wins, my life’s going to get worse and my money’s going to be worth less, so maybe I should throw a bunch of money to bet on him, so at least if he wins I’ll have some extra cash to offset what I’ll essentially be losing in his presidency.