Election Markets: Gap Between Candidates Now Exceeds 50%

We're seeing the overseas books keeping on with their steady, less-volatile march toward Obama.

The domestic books are breaking hard to catch up over the last two days; IEM moved sharply yesterday and is evening out, InTrade's move is less sharp but prolonged.

The difference between the two candidates passed 50% yesterday with the current span at 53.7%.

As far as EC goes, Mitt looks very strong in Florida and a lock in North Carolina but the only other swing state where Romney is within 20% of Obama in Virginia (40.1% vs. 60.0%).

If we assume Romney takes NC and VA and the rest go to Obama, that's 235, leaving Romney 35 short. That's going to be a challenge.

All graphics today will be the same data for 11/5 and earlier with 11/6 data changing.