IEM Forecast Elections with Eerie Accuracy

Want to know who the next U.S. president will be? Forget the daily barrage of polls: For 20 years, an online project run out of The University of Iowa has predicted the winner of presidential elections more accurately than opinion surveys. It's the stuff of pundits' dreams, but the Iowa Electronic Markets (IEM) is the only legal market of its type in the United States. FOREIGN POLICY is a news site covering global politics, economics, and ideas based in Washington, D.C.