Election Gambling [Media Article]

Canada had an election for a new government on Monday, January 23rd. As with sporting events, Internet betting (trading) exchanges that deal with election results have become popular.

This topic was covered in the Bloomberg News Service article "Canada's Gamblers Predict Conservatives Will Win 125 Seats" on January 20th. Predictions from that date from the University of British Columbia's Election Stock Market betting exchange were as follows:

Convervatives - 125 seats
Liberals - 102
Bloc Quebecois - 53
New Democratic Party - 27

Actual results from the election were as follows:

Conservatives - 124
Liberals - 103
Bloc Quebecois - 51
New Democratic Party - 29
Independent - 1

Final predictions from the betting exchange weren't quite as good as traders slightly underestimated support for the Liberals.