IEM Predictions Cited

If you want to pooh-pooh the pundits and polls and get the real scoop on the likely outcome of Tuesday's presidential election, it's worth taking a look at the political-futures markets. The Iowa Electronic Markets, which opened in 1988, boasts a prediction rate of "closer than the polls 75 percent of the time," said Joyce Berg, director of IEM and a professor of accounting at The University of Iowa.

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