I believe the Intrade was being artificially pumped. There is no way that you can have so many, and strong, drops amongst identifiable voters and still be in a strong position to win the election.
That drop from 90% to 61% probably indicates the smart money is leaving Intrade.
On Realclear Politics, I looked at the electoral college numbers, and it seems like Romney needs Ohio desperately + 1 more state (New Hampshire, Colorado, or Nevada). That seems the most likely scenario as of today.
Soros knows how to hedge his bets. Whether Bambi wins or not, Soros wins. Either he gets to pursue his agenda, or he makes tons of bucks on Intrade.
In Trade has less predictive value than polls since it only takes a concerted buying effort by one person to significantly change the results.
Degenerate gamblers apparently can’t read.
As a group, Intrade gamblers were awful at predicting the outcome of the Supreme Court's Obamacare decision.
When I go to a convenience store, I can't say that I've ever seen anyone buying Lotto tickets that I'd ask for financial advice.
InTrade can be moved by less than a carrot
You can buy every Obama share on InTrade for less than $2000 at the lowest price available.
That's a lot less than the millions Obama spends on advertising every day.