It's Election Day and Prediction Markets Say Hillary Clinton Will Win

If prediction markets are as right as they were during the primaries, Hillary Clinton has a good chance of winning the presidency tonight. Traders on U.S.-based PredictIt correctly called the outcome of primary and caucus markets 94% of the time this election cycle. And when one candidate or party was trading at 80 cents or higher, they got it right 98% of the time. Clinton is currently trading at 82 cents -- in other words, her odds are pretty good. But Election 2016 has been a wild ride, and if it's taught us one thing, it's that strange things can and do happen. Bernie Sanders delivered a surprise upset during the primaries, and some Dems are concerned it could hand a similar surprise win to Donald Trump. PredictIt's John Aristotle Phillips spoke with TheStreet about how those betting on the election's outcome see the race shaking out.