I am often a fan of the predictive power of Intrade.  But recently it forecast that the Supreme Court would strike down the mandate on Obamacare with better than a 70% certainty.

They were wrong.  While still a useful tool Intrade is certainly not infallible.  Intrade shows Obama with a 54.3% chance of winning, slightly up from a few days ago but sharply down from the days of the GOP primary’s circular firing squad.  This as well as other polls are fairly worthless this far ahead of the election.

This ruling will cause a boom in fundraising for Romney, since repeal is the only answer to this terrible piece of legisaltion.