Mitt Romney stock soars on Intrade

Published December 19, 2011 5:00am ET



Mitt Romney stock is soaring on Intrade, a prediction market website based on real world events. The shares are sold based on the probability that Mitt Romney will be the 2012 Republican Presidential Nominee.

Romney is now at an all time high at nearly 70 percent after a rocky December that saw Gingrich stock spike and fall back to third place at 7.3 percent.

Ron Paul is at second place at 8.7 percent.

Intrade markets is a favorite spot for political analysts who are curious about the numbers that traders are willing to put their money behind.