IEM Pioneered Elections Futures Markets

An online market run by the University of Iowa since 1988 pioneered the idea of applying futures trading to politics. The not-for-profit IOWA ELECTRONIC MARKETS, designed as a research tool for students and professors, has been more reliable at predicting presidential voting then most polls, particularly in the final weeks. The maximum trade on the Iowa market is $500. The Star-Ledger is based in Newark, N.J.

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