IEM Allowed People To Wager on 2004 Election Outcome

Wagering on the future isn't just about betting on a horse in the Belmont Stakes. Using the Web, savvy bettors can gamble on the odds of nearly anything happening, including the outcomes of pop culture crises and current events. A UNIVERSITY OF IOWA site called IOWA ELECTRONIC MARKETS (tippie.uiowa.edu/iem) took money from political junkies wanting to wager on the 2004 U.S. presidential bout.

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