For the first time since right after the Iowa caucus, Obama is leading Hillary as the likely Democratic nominee on Intrade. Of course, I have serious doubts about the reliability of these prediction markets, but it's at least an indication of how people with money to blow are interpreting the results of Tuesday's primaries.UPDATE: The Rasmussen markets data agree with Intrade's -- 58% chance of Obama getting the nomination. This is interesting to me, in light of the conventional wisdom on Wed. that the primaries were a draw.UPDATE II: Iowa Electronic markets also concur.
Eduardo M. Peñalver is the Allan R. Tessler Dean of the Cornell Law School. The views expressed in the piece are his own, and should not be attributed to Cornell University or Cornell Law School.