IEM

The last 25 years of the Iowa Electronic Markets

Elections / /

There have been many other real-money prediction markets and election betting exchanges operating since The Iowa Electronic Markets (IEM) first opened on June 1, 1988.  Some of these include Intrade, HedgeStreet (now known as Nadex), UBC Election Stock Market, The Penn State Prediction Markets, Politieke AandelenMarkt in Holland, and Wahl$treet in Germany.  Not to mention […]

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Ray Fair vs. Iowa Electronic Markets

Elections / / , , , , ,

The New York Times recently wrote about how “The Fed’s Decisions Now Could Alter the 2024 Elections” (11/17/2023) and cited Yale Professor Ray Fair’s economy-driven election forecasting model: Professor Fair’s pioneering U.S. elections model does something that was fairly radical when he created it in the 1970s. It analyzes politics without really considering politics. Instead,

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