Iowa Electronic Markets

The IEM allows traders to buy and sell contracts based on, among other things, political election results and economic indicators.The IEM also trades futures based on financial markets, such as whether the Fed Funds rate will be raised at the following meeting.[citation needed] The IEM has often been used to predict the results of political elections with a greater accuracy than traditional polls.[citation needed] The IEM is neither regulated by the U.S. Commodity Futures Trading Commission (CFTC) nor by any other agency due to its academic focus and the small sums that are involved.In contrast, other future markets like Nadex are regulated by the CFTC and allow speculators to take on or financially offset significant amounts of risk regarding economic events or the prices of commodities.
Iowa Electronic Market for 2008 Democratic National Primary. The Obama spike in February is a result of Super Tuesday .
Super Tuesdayprediction marketsfutures marketsUniversity of IowaTippie College of BusinesscontractsIowa Political Stock MarketRobert E. ForsytheU.S. Commodity Futures Trading CommissionThe Wisdom of CrowdsNewsFuturesIntradeTradeSportsPredictItWayback MachineSurowiecki, JamesThe New York TimesBusinessweekTheStreet.comSalon.com