Find the latest episode of "This Is Uncomfortable" here. Listen

Gambling on political domain names

John Moe Aug 29, 2011

I guess this is Vegas 3.0. Niels Jeffreys has purchased the domain names and

From Hillicon Valley:

“‘I have lost a bundle actually, and they’re the worst investment I’ve ever gotten into,” Jeffreys said. But he said it is hard to resist the temptation to buy more addresses for the chance to score a big payout.
“The practice is “essentially gambling.”

With lousy odds, I might add. Even if Perry or Romney get the nomination, there is little chance they would pick the other to run with.

All sorts of domain names are being purchased right now with the idea that if the candidates and running mates team up for the general election, the domains can be resold for a much higher price. Indeed Missouri Senator Claire McCaskill paid $4000 to a cybersquatter for

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.