Election Outcomes Futures Markets Update

The Tradesports Republican Control of the House contract has tanked over the last couple of days:

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title="Price for Republican Party 2006 Mid Term Election Control at TradeSports.com" border="0">
Forty is a pretty important frontier to be breached. Meanwhile, the Republican Control of the Senate contract is bouncing around at $80.

Here's why:

Republican Senate Seat Victor contracts---

TN--$75
VA--$69

Okay, those are in play but at the outer boundaries. Here are the ones underwater:

MO--$45
MT--$35
OH--$34
RI--$31
PA--$22

But wait, don't order those new curtains for the majority leader's office quite yet: according to Tradesports, the New Jersey Democratic Incumbent seat is in trouble, trading at a Democratic retain contract at only $57.9, with the Republican winning trading at $44.5. As much as the Donks are going to want to pour money into Virginia and Tennessee, they need to shore up New Jersey.

Oh, and they also have to hope the Nedster wins in the Nutmeg state, which the punters are not exactly favoring at the moment, with Joe's relection contract trading at $66.5 and Ned only at $33.6.

Yips! from Robbo: I'd consider putting some coin on those House futures. The campaign season is just starting and it's only now that people are going to start considering the concept of "Speaker Pelosi" seriously. Call me a fool, but I continue to believe there's gonna be a bounce.

More Yips! from Robbo: And it appears that Dubya has opened up the weapons locker.