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Is using InTrade illegal?

Posted By Russ Roberts On August 20, 2010 @ 4:09 pm In Politics | Comments Disabled

Vice President Biden is an optimist [1]. And he’d love to put his money where his mouth is, if only it were legal:

Vice President Joe Biden boldly predicted Friday that voters would reject a “Republican tea party” of extreme candidates and Democrats would retain control of Congress [2] this November.

In a pep talk for the party’s rank and file, the vice president challenged the widespread notion that significant losses in House races, and perhaps the Senate, could cost the party its comfortable majorities — a possibility White House press secretary Robert Gibbs suggested last month before saying Democrats will hang onto the House.

“On Nov. 3 … there will be in Washington, D.C., a Democratic majority in the House and a Democratic majority in the Senate. That will be the case,” Biden said in a speech to the Democratic National Committee. And, he said, Democrats will do better than expected in gubernatorial races, too.

“If it weren’t illegal, I’d make book on it,” Biden quipped.

Would someone please let the Vice-President know about InTrade [3]? He’s going to make a ton of money when he discovers it:

[4]

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[1] is an optimist: http://news.yahoo.com/s/ap/20100820/ap_on_el_ge/us_democrats_elections;_ylt=ArwSzfDFgydanjIi3GnM.lEUewgF;_ylu=X3oDMTNiNTc1dTc3BGFzc2V0A2FwLzIwMTAwODIwL3VzX2RlbW9jcmF0c19lbGVjdGlvbnMEY2NvZGUDbW9zdHBvcHVsYXIEY3BvcwM2BHBvcwM2BHNlYwN5bl90b3Bfc3RvcmllcwRzbGsDYmlkZW5sYXNoZXNv

[2] control of Congress: #

[3] InTrade: http://www.intrade.com/jsp/intrade/contractSearch/#

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