Colorado Amendment 64 (Legalization of Marijuana) Has 75 Percent Chance of Passing, Washington 87.5 Percent, Oregon 17.5 Percent

The world’s leading real-time prediction market Intrade.com allows people to essentially bet on the outcome of events occurring, creating a market whereby predictions can be made about the future based on the wisdom of the crowd. “Stock exchanges find the price of stocks, and futures markets find the price of commodities. Prediction markets find the probability of something happening – a predefined, uncertain future event,” InTrade explains.

Well, the crowd is pulling for Colorado and Washington pot legalization. Over on Intrade.com today, Colorado Amendment 64 appears to have a 75 percent chance of passing, based on the bets placed by Intrade users.

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