Kerry takes the lead on Tradesports

Current betting on the Tradesports exchange shows Kerry with a 51% chance of being elected, and Bush at 47.5% and falling. Bush traded as high as 59.5% earlier today, so this shows a substantial swing to Kerry.

While I was typing this up, Kerry went to 52%, and Bush to 47.1%. Can you feel the momentum?

Update [2004-11-2 16:17:55 by misterajc]: Tradesports appears to be down now, possibly due to all the Kossacks looking at it. The last odds I saw were 45% Bush, 55% Kerry. We may well see panic selling of Bush when it comes back up.