Sarah Palin Presidential Odds Plummet On InTrade After Arizona Shooting

Sarah Palin's InTrade odds of running for president took a tumble Sunday following Saturday's deadly shooting in Arizona.

In the wake of the shooting, the former Alaska governor has faced accusations that her placement of Rep. Gabrielle Giffords (D-Ariz.) on a list of 20 targeted legislators -- highlighted behind crosshairs -- may have played some role in catalyzing the violence. Palin's camp has strongly denied any violent intention or any connection to the events.

Palin addressed the tragedy herself in a statement Saturday:

My sincere condolences are offered to the family of Rep. Gabrielle Giffords and the other victims of today's tragic shooting in Arizona.

On behalf of Todd and my family, we all pray for the victims and their families, and for peace and justice.

- Sarah Palin

InTrade is an online trading exchange website that makes odds on non-sports events.

Check out Business Insider for a breakdown of Palin's falling 2012 presidential stock.