Iowa Electronic Markets Traders Prefer Obama

Traders on the IOWA ELECTRONIC MARKETS, a real-money exchange run by professors at the UNIVERSITY OF IOWA, gave Barack Obama an 80.4 percent chance of winning the Democratic presidential nomination, compared to 18 percent for Hillary Clinton, trading data showed. Prediction exchanges give traders an opportunity to buy and sell contracts on the likelihood of future events. The story also appeared in DEEPIKA GLOBAL in India.