Romney Still Riding High on Intrade

Mitt Romney may just have squeaked by in Iowa, but it does not seem to have hurt his value much on Intrade – “The World’s Leading Prediction Market” – where the former Massachusetts governor is now trading at a near-high 80.9% chance of being the Republican nominee.

By contrast Rick Santorum, despite his good showing in Iowa, is at 5.1%. Santorum’s cause could not have been helped by today’s report that Rick Perry is staying in the competition, further muddying the conservative Not-Romney waters.

For the record, Newt Gingrich is also at 5.1%, Ron Paul at 2.7% and Perry at 1.5%. Republicans, as we know, pay attention to markets.