Stock market in candidates as predictor for elections?

[yebrent]

I heard about the site www.casualobserver.net on CBS news last night. You can buy and sell stocks of many of the candidates in the midterm election. It isn't real money (well at least not yet).

I'm not sure what to make of it, but it does seem to have the potential to deliver immediate feedback on the political gain or damage from the latest headlines. Polls can take days for the results. On the down side, this could also cause even more political shifting in the wind.

Any thoughts?

[longship]

1. Here's a link to an interesting site.

Check this out