Traders betting on Rajaratnam guilty verdict

Reuters – Traders are betting there is a 90 percent chance that hedge fund manager Raj Rajaratnam will be found guilty of insider trading when the jury returns its verdict in the high-profile Wall Street trial.

Intrade, which allows traders to bet on events ranging from presidential primaries to the winner of American Idol, launched speculative contracts on Rajaratnam’s fate on Wednesday. The odds have held steady at 90 percent since.

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