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Wedding-Driven Markets

The engagement of Prince William and Kate Middleton has thrilled tabloid newspapers around the world, but the effects may be more far-reaching than you realize. The Telegraph reports that “[j]ust hours after Prince William and Kate Middleton announced their engagement, traders were drawing up portfolios that included security companies, drinks firms and souvenir providers.” Meanwhile, The Sun reports that one consulting company “said supermarkets alone could pocket an extra ?360 million as shoppers snap up extra grub and booze to celebrate.” Want to get in on the action? The prediction markets are already bubbling. Interested parties can bet on everything from the color of the queen’s hat to the vows to the length of Middleton’s train. [%comments]