NEW YORK (CNNMoney.com) -- Basketball superstar LeBron James is keeping the world in suspense about his choice for a new team, but that hasn't stopped the futures traders at Intrade from betting on where he'll end up.
Will it be the Miami Heat? The New Jersey Nets or the New York Knicks? Chicago Bulls or Washington Wizards? Or will he stay with his hometown team, the Cleveland Cavaliers?
Only James -- and his team of choice -- knows for sure. But users at Intrade Prediction Markets, an online futures market, are predicting that the Miami Heat will be his choice. According to Intrade, there is a 58% chance that James will move to the Sunshine State.
James plans to unveil his choice Thursday night at a Boys and Girls Club in Greenwich, Conn. The state of Connecticut's proximity to New York fueled speculation on Wednesday that he was headed to the Empire State. That's when the stock for Madison Square Garden (MSG) jumped 6.4%.
But that sentiment has faded. The Garden's stock price dropped nearly 5% in the first half hour of trading on Thursday, and Intrade now predicts that the Knicks have just an 15% chance of landing LeBron.
Once hope for New York began to dissipate, sentiment suggested early Thursday that he would stay with the Cavaliers -- before the odds shifted over to Miami.
Before the markets opened on Thursday, Intrade slotted Cleveland as the most likely pick for James, figuring he'd want to stay near his hometown of Akron, where he established himself as a rising star at St. Vincent-St. Mary High School.
But that speculation quickly changed after the bell. In early trading the Cavaliers' odds of winning over their hometown hero dropped to 27%.
Nobody would blame James if he decided to leave scrappy Cleveland for cooler digs elsewhere. But at this point, only James has the answer. 
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