Democrats, Obama Favored in IEM
April 15, 2008 | New York TimesThe markets are speaking at the IOWA ELECTRONIC MARKETS at the University of Iowa, and they are saying that the Democrats have an edge to take the White House in the fall and that Barack Obama is the favored candidate over Hillary Rodham Clinton. The Iowa Electronic Markets, which requires investors to put in real money, is proving to be a possible election oracle. The market is a simulated futures market, except that instead of trading cattle futures or treasury bills, the University of Iowa market trades political futures -- betting on who is going to win in the fall. This article was posted on the NEW YORK TIMES POLITICS BLOG.