October 29, 2004 | Minneapolis Star-TribuneMarket players once again are proving you can make or lose a buck on anything. Including presidential races. With just a few days to go, investors in futures contracts on the Iowa Electronic Markets (IEM) have narrowed the Bush-Kerry tilt from a several-point Bush lead to a virtual tossup, said JOYCE BERG, an accounting professor and director of the University of Iowa-based electronic market. The Iowa futures market has correctly predicted presidential popular-vote winners since its inception before the 1988 race. Traders in the school's futures market "are saying right now ... that the vote-share outcome is a coin flip," Berg said from Iowa City.
Contact: Joyce Berg