IEM One of Two Regulated Prediction Markets
May 2, 2008 | Globeinvestor.comOnly two U.S. prediction markets are officially regulated by the U.S. Commodities Futures Trading Commission (CFTC) -- the IOWA ELECTRONICS MARKET (IEM) at the UNIVERSITY OF IOWA, which specializes in politics, and HedgeStreet, a division of Britain's IG Group Holdings, which offers a wide assortment of contracts. However, dozens of other exchanges have popped up around the world to cash in on the hype. The Hollywood Stock Exchange uses play money and focuses on entertainment topics such as movie box office receipts. GLOBEINVESTOR.COM is the online presence of THE GLOBE AND MAIL, based in Toronto, Canada.