UI Started Prediction Markets

As presidential candidates crisscross the country this spring seeking votes and campaign cash, they aren't the only ones chasing the early money in politics. Political prediction-market traders, a new breed of gamblers, are hoping to strike it big by betting on which candidates will be nominated. Although Intrade has emerged as the new leader in the growing prediction industry, a lower-stakes prediction market run by the UNIVERSITY OF IOWA has been popular among academics for the past two decades.