I’m not quite sure I get what your criticism is exactly. I didn’t think that I was complicating any issue. I was merely responding to the poster who said that the IRS was personally coming after me now for having been unsuccessfully involved in Intrade in the past. I think that that poster was having a visceral response to Intrade’s favoring Obama and therefore was exaggerating the topic greatly by suggesting that our government was going to go after the 100,000+ Intrade users in the US (even though this has never happened once in the company’s 13 year history).
By “our” hatred, I simply meant “we Romney supporters.” I think this thread more than shows that there is a lot of resentment of Intrade on here because of the advantage that traders on Intrade give to Obama. As I mentioned in my first post on the thread, I think that Intrade really indicates nothing about the election, so people need to calm down about it, in my opinion.
I did not intend to imply that you were finding fault with Intrade.
Others were and my defense of Intrade was directed at them.
I apologize for the confusion.
As I expect you know, Intrade does not set the odds. They simply operate the market and the odds result from the traders’ actions.
If people think that the price of Romney predictions underestimates the likelihood that he will prevail, then all this means is that they disagree with most of the traders.
That is what speculators call “opportunity”.