IEM Called 'Granddaddy' of Futures Markets

A story about future markets across the country in which investors can "bet" on, among other things, Kobe Bryant's guilt or innocence says the granddaddy of today's futures markets is the IOWA ELECTION MARKETS, conducted by the University of Iowa since 1988. IEM has conducted 49 markets covering 41 elections in 13 countries. By scrutinizing the habits of investors, it consistently bested pollsters.