The Yankees have a very odd pricing scheme at their stadium that belies sound economics. They charge a lot of money for their tickets and none of their tickets are worth as much as they sell them for on an individual game level. If

Update 5/27 at 2 PM ET: With the Devils capturing the Eastern Confernece on Friday the markets bore out my assumptions. The Kings were 53.1 percent likely to win against the Eastern Confernece champion when it was 25 percent likely to the

Here’s the economist’s outlook on the problem: While a new rail link would provide positive returns for society, neither private nor public institutions are properly incentivized to make it happen. Traffic on the current rail links, two 100 year old

François Hollande, the Socialist Party candidate for president of France, has an 85.3 percent likelihood of capturing the presidency from incumbent Nicolas Sarkozy in the upcoming election. At this point, the other three major competitors: Marine Le Pen (far-right), Jean-Luc Melenchon (far-left), and

Now that the race for the Republican nomination is effectively over, Mitt Romney’s campaign is speaking publicly about who they might choose as his running mate. While the prediction markets we rely on for forecasting elections also take action on vice-presidential nominees,

Gingrich is excited to be the last legitimate challenger to Romney, at least in his own mind, having told Justin Sink of the Hill that “there’s a conservative, named Newt Gingrich, and there’s Mitt Romney.” But with Santorum

The future of the Republican primary hinges on Pennsylvania, where Rick Santorum must win his home state to hang on to his tenuous position in the race. The political gambling markets that we watch so closely are extremely confident that Mitt Romney will ultimately

Because the measure is Obama’s signature domestic accomplishment, many people are more interested in the impact the decision has on politics than it has on healthcare. We’ll see how Obama’s odds of reelection move when the decision comes

As we reach the halfway mark in primary season, PredictWise is pausing to take stock of our predictions so far and how effective the political markets have been in forecasting the winner. We’ve made calls at least a week in advance for

Rick Santorum is going to win the Louisiana primary today with 97 percent certainty. Then he is highly likely to lose the three following primaries on April 3 to front-runner Mitt Romney: Washington, D.C. (Romney at 96.3 percent), Maryland (Romney at 97.

Once again, we’re taking a break from politics to discuss the most pressing upcoming contest in America: March Madness. Kentucky heads into the Sweet Sixteen in the same place it was a week ago, the overwhelming favorite to win the championship at