Data from the Rasmussen Markets suggests that Barack Obama is the new frontrunner for the Democratic nomination.

As of 6:30 a.m. on Sunday morning, data from the markets implies that Obama has a 56% chance of representing his party on the ballot in November. At the same time, Hillary Clinton is seen as having a 40.5% chance of being nominated (current market prices: Obama %, Clinton %).

This reflects a fundamental change since the Iowa caucuses. The closing prices on the day before Iowa showed that Clinton had a 65% chance of winning while Obama was a distant second at 29%.

On the Republican side, there remains no clear frontrunner. At 6:30 a.m.Sunday morning, John McCain was seen to have a 33% chance of winning while the markets showed Rudy Giuliani with a 31% chance (current numbers: McCain % Giuliani %).

The markets also point to Barack Obama and John McCain as the likely winners in New Hampshire. Current prices show that Obama has a % chance of winning the Democratic Primary in the Granite State while McCain has a % chance on the Republican side.

These numbers reflect results from a prediction market, not a poll. RasmussenMarkets.com is a “futures market” that harnesses competitive passions to becomes a reliable leading indicator of upcoming events. Using a trading format where traders "buy and sell" candidates, issues, and news features, the markets correctly projected both Obama and Huckabee as the winners in Iowa.

We invite you to participate in the Rasmussen Markets. It costs nothing to join and add your voice to the collective wisdom of the market.