IEM Traders Favor Obama by Large Margin

Traders betting on future events in the political prediction markets are overwhelmingly predicting a Barack Obama victory in the U.S. presidential election, giving the Illinois Democrat a better than 80 percent chance of winning. On the IOWA ELECTRONIC MARKETS, run as a research tool by the University of Iowa business school, traders were giving the Democrat an 82 percent chance of winning and the Republican an 18 percent chance of winning.