iPredict now taking bids on Key giving nod to Banks
Online prediction market iPredict has launched a contract asking punters to bet on whether John Key will give a tacit nod for National Party voters to throw their support behind the Act Party's John Banks in Epsom.
Such a nod would, according to an NBR poll, give Mr Bank's bid to win the seat - and secure parliamentary representation for Act - a substantial boost.
The contract pays out under a variety of subtle and blatant signals from the Prime Minister, including a shared cup of tea between Messrs Key and Banks.
In early trading the iPredict market had odds of 83% for Mr Key to make such an endorsement, and this morning trading pushed the changes to 94%.