IEM Is Now Open

The Iowa Electronic Markets are now open. It's a real-money futures market for presidential candidates, among other things. The price of the candidate predicts the outcome of a race. The IEM has been very accurate in this regard. TOM RIETZ, associate professor of finance at the Tippie College of Business at the UI and IEM co-director, explained how traders can buy contracts for candidates in the market for the Democratic nomination for President.