Democrats Lead in IEM

In the IOWA ELECTRONIC MARKETS, a University of Iowa-run exchange that has been trading political futures since 1988, it appears Democrats are in the pole position. Tradesports, the Dublin-based commercial political futures trading website that came up with the Saddam futures, shows President Bush as having a 62 percent chance of winning. In his commentary, writer Jason Lahart contends that while trading on Tradesports "is dominated by Wall Street types--who tend to be aligned with the right --there is an academic (i.e., lefty) skew in the Iowa Electronic Markets."