Prop 19’s stock soars

California’s Prop 19 has been soaring in the prediction markets, with its stock on InTrade going for a bit under 70 – a number which, roughly translated, means that bettors think there’s about a 70% chance of it passing. This run-up in price seems to be linked to a September 30 poll which put support for the measure at 52% with another 7% undecided.

All this despite the fact that all major California politicians, political candidates, and newspapers have opined against Prop 19.

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