June 11, 2004 | Bloomberg NewsDemocratic presidential candidate John Kerry continued to lead George W. Bush in polls the week of June 11 as voters expressed concern about the president's handling of the Iraq war and the economy. But some investors are betting Bush will win in November. According to the IOWA ELECTRONIC MARKETS, as of June 11 investors were paying 53.2 cents for futures that pay $1 in November should Bush win the election. Kerry futures were quoted at 46.8 cents. Sponsored by the University of Iowa Henry B. Tippie College of Business, the market allows investors to buy and sell futures contracts based on the outcome of political and economic events, such as elections and Federal Reserve interest-rate changes.
Contact: Forrest Nelson