Press Releases

June 4, 2008
IEM Investors Give Big Edge to Obama over McCain to Win General Election "With Barack Obama all but sealing the Democratic presidential nomination Tuesday, investors on the University of Iowa's Iowa Electronic Markets give him a significant edge over Republican John McCain to win the popular vote in November ...

May 16, 2008
UI Researchers Among Those Calling for Legal Clarification of Prediction Markets "New federal rules are needed to protect futures prediction markets from excessive regulation so they can continue to develop as innovative planning tools, according to an article co-written by two University of Iowa business professors and prediction markets pioneers ...

May 7, 2008
Clinton Contract Takes a Beating on Iowa Electronic Markets "The contract for Democratic presidential candidate Hillary Clinton lost well more than half its value in trading on the University of Iowa's Iowa Electronic Markets following her defeat in the North Carolina primary Tuesday ...

April 28, 2008
IEM Cited in Column "Columnist L ...

April 28, 2008
IEM Says Clinton's Chances Are Slim "Despite Hillary Clinton's win in Pennsylvania, the IOWA ELECTRONIC MARKETS at the University of Iowa College of Business rate her chances as slim ...

April 23, 2008
Obama Continues To Lead Iowa Electronic "On Monday, the IOWA ELECTRONIC MARKETS showed that Barack Obama had a 75 percent chance of winning the Democratic nomination; Hillary Clinton was at 21 percent ...

April 23, 2008
Clinton Still Lags in Iowa Electronic Markets "In the Iowa Electronic Markets, online users can invest up to $500 in shares that are tied to the outcome of the Democratic (or Republican) primary season ...

April 21, 2008
IEM Investors Still Believe Obama Will Be Democratic Nominee "Barack Obama continues to hold a significant lead over Hillary Clinton on the University of Iowa's Iowa Electronic Markets' (IEM) Democratic Nomination Market Monday, the eve of the Pennsylvania primary ...

April 20, 2008
IEM Forecasts Election Outcomes "Snapshots of the presidential contest's outcome are straightforward with the Iowa Electronic Markets ...

April 17, 2008
Iowa Electronic Markets See Sharp Shift "This, like 1992, is a U ...

April 15, 2008
Democrats, Obama Favored in IEM "The markets are speaking at the IOWA ELECTRONIC MARKETS at the University of Iowa, and they are saying that the Democrats have an edge to take the White House in the fall and that Barack Obama is the favored candidate over Hillary Rodham Clinton ...

April 9, 2008
Iowa Electronic Markets Traders Favor Obama "Democratic presidential contender Hillary Clinton will win several state nominating contests in the coming months but has little chance of becoming the party's candidate for the November 2008 election, traders were betting on Tuesday ...

April 9, 2008
'Cafferty File' Notes Iowa Electronic Market Prices "Barack Obama will win the Democratic nomination, and the odds are he'll go all the way to the White House ...

April 4, 2008
IEM Is Reliable Forecast of Election Results "If you need the most reliable forecast available on the outcome of the U ...

April 4, 2008
IEM a Better Bet for Predicting Future in Politics "On the IOWA ELECTRONIC MARKETS (IEM), Senator Barack Obama spent Wednesday trading in the 80 range, Senator Hillary Clinton at about 16 ...

March 31, 2008
McCain Closing Gap with Democrats on IEM Presidential Market "Investors on the University of Iowa's Iowa Electronic Markets now give presumptive Republican presidential nominee John McCain virtually even odds to win the popular vote in November's general election ...

March 11, 2008
Iowa Electronic Markets Traders Still Favor Obama "Traders on the IOWA ELECTRONIC MARKETS, operated by the UNIVERSITY OF IOWA, continue to put their money on Barack Obama winning the Democratic Party's nomination for president ...

March 11, 2008
Berg Compares Iowa Electronic Markets, Polls "A recent study by the University of Iowa shows that it Iowa Electronic Markets are more accurate than polls in predicting the outcome of elections ...

March 6, 2008
Iowa Electronic Markets Cited in Article on Voters, Economy "Hillary Clinton and Barack Obama want universal health care ...

March 5, 2008
IEM Predicts Democratic Presidential Win "Some attorneys and investment bankers are telling their clients to carry out corporate acquisitions before the November elections because they think a Democratic presidential victory could create more roadblocks for takeovers ...

March 5, 2008
UI's Political Futures Market Cited in Column "In an op-ed piece about the volatility of financial markets, columnist Sebastian Mallaby credits amateur traders on the UNIVERSITY OF IOWA's political futures market with predicting elections more accurately than professional pollsters ...

March 4, 2008
Iowa Electronic Markets Still Predicts Obama Nomination "A story about futures predictions markets notes that on the IOWA ELECTRONIC MARKETS, operated by the UNIVERSITY OF IOWA, Hillary Clinton has a roughly 18 percent chance of winning the nomination versus Obama's 79 percent chance ...

March 1, 2008
Iowa Electronic Markets Forecasts Are Accurate "In 1988 the UNIVERSITY OF IOWA launched an experiment to test whether a market using securities for presidential candidates could predict the outcome of the election ...

February 28, 2008
Berg Discusses Iowa Electronic Markets "The University of Iowa's JOYCE BERG, director of the Iowa Electronic Markets, discusses how business schools are using the tool for research and teaching ...

February 26, 2008
Iowa Electronic Markets Traders Prefer Obama "Traders on the IOWA ELECTRONIC MARKETS, a real-money exchange run by professors at the UNIVERSITY OF IOWA, gave Barack Obama an 80 ...

February 25, 2008
Berg Explains Prediction Markets "A video features JOYCE BERG of the Iowa Electronic Markets discussing prediction markets ...

February 14, 2008
Analysis: IEM More Accurate at Predicting Elections Than Polls from 1988 to 2004 "In its first 20 years, the Iowa Electronic Markets have turned out to be a better predictor of presidential election outcomes than public opinion polls, according to a new analysis by researchers at the University of Iowa's Tippie College of Business ...

February 12, 2008
IEM Odds Now Favor Obama "Traders wagering on the outcome of the U ...

February 11, 2008
Rietz Comments on Futures Markets "During the past five presidential elections, the Iowa Electronic Markets has been closer to predicting the ultimate winner, 74 percent of the time, than nearly 1,000 independent polls ...

February 6, 2008
Super Tuesday Brings Wild Swings to Iowa Electronic Markets "Prices on the Iowa Electronic Markets' Democratic nomination market careened all over the place on Super Tuesday, with contracts swinging by nearly 20 cents amid massive trading by investors ...

February 5, 2008
On Super Tuesday, Clinton's Lead Slips on IEM "Hillary Clinton's big lead over Barack Obama has diminished considerably on the Iowa Electronic Market's Democratic nomination market in the days leading up to today's Super Tuesday primaries and caucuses ...

February 4, 2008
IEM Beats the Polls "It's generally illegal in the United States to bet real money in a predictive market ...

February 3, 2008
Story Explains Iowa Electronic Markets "The IOWA ELECTRONIC MARKETS, founded by the University of Iowa in 1988, are real-money markets that deal with predicting future events ...

January 30, 2008
Giuliani Move Affects Reporter's IEM Portfolio "A reporter invested $500 in the IOWA ELECTRONIC MARKETS, hoping to learn about the stock market, become a more informed voter and make money ...

January 30, 2008
McCain, Clinton Lead Iowa Electronic Markets "For the market, the U ...

January 30, 2008
McCain, Clinton Take Commanding Leads on Iowa Electronic Markets "John McCain took a commanding lead on the Iowa Electronic Markets' Republican nomination market after his victory in the Florida primary Tuesday ...

January 29, 2008
IEM Is Profiled "From the broadcast transcript: "While the presidential candidates are making their pitches for your vote, thousands of people are putting their own money on who they think will win ...

January 24, 2008
IEM Cited in Article on Reaction to French Bank Fraud "The IOWA ELECTRONIC MARKETS was cited in this article, which explores the reaction to the recently uncovered French bank fraud ...

January 12, 2008
Reporter Tried Iowa Electronic Markets "Scott Long begins his column, "I haven't even made my first trade, and I may have already made the biggest investing blunder ...

January 12, 2008
Iowa Electronic Markets One of Oldest Markets "An editorial states that prediction markets, although not well known among the public, are numerous and growing ...

January 11, 2008
Iowa Electronic Markets Was Model for Ag Markets "Predictive marketing is now being used in agriculture ...

January 10, 2008
Rietz Notes Iowa Electronic Markets' Track Record "Tribune columnist Bill Barnhart writes, "The New Hampshire primary was a reminder that prediction markets, where bettors are putting money on the line, can have no more value than opinion polls, where participation costs nothing ...

January 10, 2008
N.H. Benefits Iowa Electronic Markets Investors "Hillary Rodham Clinton's big win in New Hampshire has already made some investors happy -- those who have bought "futures contracts" in Mrs ...

January 9, 2008
Clinton back on top of Iowa Electronic Markets after New Hampshire Win "Hillary Clinton re-took the lead on the University of Iowa's Iowa Electronic Markets (IEM) Democratic nomination market while the price of Barack Obama's contracts collapsed following Tuesday's New Hampshire primaries ...

January 8, 2008
Rietz Comments on Market Movements "The past few days have seen a dramatic shift in the online political markets, where traders put down money to predict which candidates will prevail in the primary season ...

January 8, 2008
Book Analyzes Iowa Electronic Markets Results "A comprehensive analysis of the prediction markets run by the University of Iowa is available in "Results from a Dozen Years of Election Futures Markets Research," by JOYCE BERG, ROBERT FORSYTHE, FORREST NELSON, and THOMAS RIETZ ...

January 8, 2008
Iowa Electronic Markets Flip Cited "At the UNIVERSITY OF IOWA, the IOWA ELECTRONIC MARKETS have undergone a flip since the outcome of the Jan ...

January 8, 2008
Obama, McCain Lead Iowa Electronic Markets on N.H. Primary Day "Barack Obama and John McCain were the clear leaders on a busy Iowa Electronic Markets as voting started in the New Hampshire primary Tuesday morning ...

January 8, 2008
Blog Cites Iowa Electronic Markets "Futures prices on the Iowa Electronic Markets suggest that Hillary Clinton's chances of winning the Democratic nomination have been halved since Iowa, while no Republican has as good as a 40 percent chance of being nominated ...

January 8, 2008
Iowa Electronic Markets Investors Now Favor Obama "A story about today's New Hampshire primary notes that the Iowa Electronic Markets, run by the UNIVERSITY OF IOWA's business school, now gives Barack Obama a 66 percent chance of winning the Democratic nomination ...

January 7, 2008
Obama Contract Price Leading Iowa Electronic Markets "A story about the New Hampshire primary notes that as of Monday afternoon, the day before voting began, investors on the UNIVERSITY OF IOWA's Iowa Electronic Market said Barack Obama had a 66 percent probability of winning the Democratic Party's nomination ...

January 7, 2008
UI Election Web Site To Be Included in Library of Congress Collection "A University of Iowa Web site developed as a resource for journalists covering the 2008 presidential election will be preserved by the U ...

January 4, 2008
Obama, Huckabee Up; Clinton, Romney Down on Iowa Electronic Markets "Republican Mike Huckabee and Democrat Barack Obama have much better chances of becoming their parties' presidential nominees, based on a jump in their contract prices on the University of Iowa's Iowa Electronic Markets following Thursday night's Iowa Caucuses ...

January 4, 2008
IEM Investors Favored Clinton "Before the Iowa caucuses, a futures market conducted by the UNIVERSITY OF IOWA had Hillary Clinton the likely Democratic nominee, with her shares selling for 63 ...

January 3, 2008
McCain, Clinton Lead Iowa IEM Nomination Markets on Caucus Day "John McCain continued his late jump on the Iowa Electronic Markets and now leads the Republican nomination market on the day the Iowa caucuses kick off the 2008 presidential nominating process ...

January 3, 2008
UI Future Trading Market Predicts Political Winners "A futures trading market experiment at the UNIVERSITY OF IOWA predicts Hillary Clinton will be the eventual Democratic nominee and win the U ...

January 3, 2008
IEM Predicts Clinton Win "The IOWA ELECTRONIC MARKETS, a futures trading market experiment at the UNIVERSITY OF IOWA, predicts Hillary Clinton will be the eventual Democratic nominee and win the U ...

January 3, 2008
Iowa Electronic Markets Predicts Winners, Losers "Based on its results so far, no matter how well Barack Obama does in the Iowa caucuses on Thursday, Hillary Clinton is still going to be the Democratic nominee ...

January 2, 2008
Story Features Iowa Electronic Markets "Would you be willing to invest in a candidate if you could make money when the election was over? In other words, if the candidate were a stock, would you want to invest in a few shares? Well, you can! It's the real deal, and it's legal ...

January 2, 2008
Iowa Electronic Markets Cited "Researchers involved in the Iowa Electronic Markets, a nonprofit real-money exchange run by professors at the UNIVERSITY OF IOWA, have found that political markets often forecast election results better than polls ...

January 1, 2008
IEM Seen As Better Predictor Than Polls "Michelle Collins, who is studying accounting and finance at the University of Iowa, is among the thousands of traders who buy and sell contracts in the Iowa Electronic Markets, which is run by the university's business school ...

January 1, 2008
Rietz Says Profit Motive Gives IEM Edge "The Iowa Electronic Markets and other similar futures predictions markets can do a better job than public opinion polls in predicting election outcomes because they are driven by profit motive, said TOM RIETZ, a finance professor at the University of Iowa and member of the IEM steering committee ...

December 31, 2007
UI Pioneered Prediction Markets "Political prediction markets provide a way to cut through the clutter of polls and news ...

December 27, 2007
Tippie College Runs Political Futures Market "The UNIVERSITY OF IOWA'S TIPPIE COLLEGE OF BUSINESS runs a Web-based real-money futures market where investors buy and sell shares on candidates ...

December 27, 2007
McCain Gains, Romney Takes Lead on IEM "John McCain is gaining fast on the Iowa Electronic Markets' tumultuous Republican nomination market, just one week before the Iowa caucuses kick off the 2008 presidential nominating process ...

December 18, 2007
IEM forecasted election winners "In this feature about the political prediction markets, it's noted that the IOWA ELECTRONIC MARKETS is the big daddy of the political prediction markets and is consistently better at forecasting winners than pre-election polls ...

December 14, 2007
IEM performs well in recent election cycles "The ability to harness the wisdom of the masses on a range of compelling questions in a single, informative price is an alluring prospect ...

December 8, 2007
Iowa Electronic Markets add Huckabee "The Iowa Electronic Markets, operated by the UNIVERSITY OF IOWA, added Mike Huckabee on Wednesday ...

December 7, 2007
IEM puts Iowa on the map as more accurate tool "The state of Iowa will take its usual place in the U ...

December 6, 2007
Huckabee Debuts Strong, Then Fades on IEM Nomination Market "Mike Huckabee made a strong debut on the Iowa Electronic Markets Wednesday but then slowly faded through his first day of trading on the political futures market operated by the University of Iowa's Tippie College of Business ...

December 4, 2007
Iowa Electronic Markets To Offer Huckabee Contract "The Iowa Electronic Markets will begin trading contracts for Republican presidential candidate Mike Huckabee at noon Wednesday, Dec ...

November 30, 2007
IEM shows shift to 'rest of the field' "There's some interesting wagering in the presidential contest, based on an Electronic Trading Market being conducted by the UNIVERSITY OF IOWA ...

November 26, 2007
Giuliani, Clinton lead on IEM "A story about the Iowa Electronic Markets at the UNIVERSITY OF IOWA notes that Rudy Giuliani and Hillary Clinton continue to lead the markets for their respective parties' nominations ...

November 15, 2007
IEM used to track Clinton after negative news "Sun-Times columnist Jennifer Hunter wanted to see if anything had happened to Sen ...

November 6, 2007
Berg, business students discuss Iowa Electronic Markets "JOYCE BERG, a professor in the University of Iowa's Henry B ...

November 4, 2007
Iowa Electronic Markets continue tradition "Betting on presidential elections was once open and commonplace in the United States ...

October 29, 2007
IEM sees Giuliani/Clinton race ""Traders on the IOWA ELECTRONIC MARKETS, which have been predicting U ...

October 15, 2007
IEM noted as successful prediction market "Prediction markets come in many stripes, but most work by allowing people to bet -- by buying and selling futures contracts -- on the likelihood of future events, with the result that the market price of those contracts reflects traders' collective forecast of how likely an event is to occur ...

September 30, 2007
Iowa Electronic Markets cited "Prediction markets are proliferating ...

September 23, 2007
Iowa Electronic Markets prove accurate "Prediction markets are a hot new business trend because they have proven more accurate than opinion surveys ...

September 7, 2007
Fred Thompson Unchanged on IEM after Formal Declaration of Candidacy "Investors on the Iowa Electronic Markets were unimpressed with Fred Thompson following the official declaration of his candidacy for president, as the price of his contract has remained mostly unchanged since Wednesday ...

August 22, 2007
Berg: IEM more accurate than polls "With the presidential race intensifying, so is trading activity on the Iowa Electronic Markets, and the program team at the University of Iowa is gearing up to open markets for more 2008 races ...

August 14, 2007
Markets Predict Hurricane Paths, Damage "Let the betting begin ...

July 23, 2007
UI Started Prediction Markets "As presidential candidates crisscross the country this spring seeking votes and campaign cash, they aren't the only ones chasing the early money in politics ...

July 16, 2007
IEM Recognized As Leading Market "An editorial comparing polls with prediction markets, notes, "The Iowa Electronic Market, established by political scientists at the UNIVERSITY OF IOWA in 1988, is perhaps the world's best known election market ...

July 2, 2007
Electronic Markets Pioneered by UI Now Include Farmers "Since the UNIVERSITY OF IOWA in 1988 first persuaded people to buy contracts on political candidates to predict election results, the idea of rewarding the best forecasters for sharing their knowledge has taken off ...

June 27, 2007
Clinton Leading, McCain Fading on IEM "A story about online futures markets, including the Iowa Electronic Markets at the UNIVERSITY OF IOWA, predicting the upcoming presidential nomination winners points out that Hillary Clinton has a commanding lead in the Democratic markets and John McCain is fading fast in Republican markets ...

June 23, 2007
IEM Is Leading 'Prediction Market' "A number of Internet sites have cropped up allowing the general public to speculate in "prediction markets ...

June 23, 2007
IEM Lets Investors Wager in Presidential Elections "A story about futures markets notes that a number of Internet sites have already cropped up allowing the general public to speculate in these "prediction markets ...

June 17, 2007
Farmetrics Is Based on IEM "Grain company Bunge Limited has set up a Web site that uses individual farmers' knowledge to forecast how the country's crops will perform ...

June 15, 2007
IEM Offers Fred Thompson Contract in Republican Nomination Market "The Iowa Electronic Markets will be offering a new contract for Fred Thompson in its 2008 Republican presidential nomination market today at noon Central time ...

June 14, 2007
UI Electronic Market More Accurate Than Any Poll "A prediction market is like a stock exchange, except people trade not stocks but predictions ...

June 14, 2007
IEM Noted As Political Futures Market "The Iowa Electronic Markets are political futures markets created by professors from the economic and political science departments at the University of Iowa ...

June 7, 2007
IEM Profiled "The Iowa Electronic Markets, maintained by the UNIVERSITY OF IOWA, are explained, and current prices of presidential futures are listed ...

May 7, 2007
Berg Explains IEM "How did the crack squad of futures investors on the Iowa Electronic Markets feel about the first round of presidential debates? The University of Iowa's Internet-based teaching tool, in which participants can spend between $5 and $500 on share futures in candidates, has a strong track record of predicting political results ...

April 27, 2007
Article Asks: Are Political Markets Legal? "In an article questioning the legality of political markets, it is noted that the markets began with the Iowa Electronic Markets at the UNIVERSITY OF IOWA: "Why is the IEM allowed to accept cash? The government has said it won't prosecute ...

April 17, 2007
Chicago Olympic Market Might Have Value, Says Reitz "A credible source of information about Chicago's chances of hosting the 2016 Olympics would have value, says columnist Bill Barnhart ...

April 14, 2007
Iowa Electronic Markets Inspired Farmetrics "he Iowa Electronic Markets, or IEM, has allowed students throughout the world to not only learn about and forecast the outcome of political events, but also make a little money if their predictions are right ...

April 12, 2007
Crop Prediction Contest Based On IEM ""Farmetrics" is an innovative contest that collects and shares crop information from participants around the United States, and it's noted that the concept is borrowed from the Iowa Electronic Markets ...

April 7, 2007
Rietz Describes Iowa Electronic Markets "The Iowa Electronic Markets (IEM), supervised by University of Iowa Henry B ...

April 3, 2007
IEM Cited As Successful Prediction Market "An editorial about an electronic prediction market established for the Philadelphia mayor's race says that prediction markets have proven successful, citing the ongoing success of the Iowa Electronic Market at the UNIVERSITY OF IOWA in predicting national elections ...

April 1, 2007
Columnist Discusses IEM "Columnist Chris Satullo writes, "So you think you know which guy is going to win the topsy-turvy Philadelphia mayor's race ...

March 22, 2007
Iowa Electronic Markets Open 2008 Presidential Nomination Market "Political futures contracts based on who will be the 2008 Democratic and Republican presidential nominees are now trading on the

March 22, 2007
Story Explains Iowa Electronic Markets "The longest-running online market for political prognostication is up and running -- and there are already a couple of front-runners ...

March 20, 2007
Slate to Publish IEM Data "Slate, the daily online magazine, has launched a 2008 Political Futures Database, which utilizes data from three prediction markets to forecast the outcome of 2008 Presidential and Congressional races ...

March 13, 2007
IEM Conducted Hurricane Futures Market "Starting Monday, the Chicago Mercantile Exchange began offering contracts covering the arrival of the first three hurricanes in Florida and four other coastal regions during the 2007 hurricane season ...

March 9, 2007
Opinion Piece: Electronic Markets Accurate "A member of the Washington Post editorial board says politicians have a special reason to respect the wisdom of markets: amateur traders on the UNIVERSITY OF IOWA's political futures market predict elections more accurately than professional pollsters ...

March 9, 2007
UI Futures Market Success Noted "In an editorial, Sebastian Mallaby writes that four decades ago a Chicago economist named Eugene Fama proclaimed that financial markets are efficient ...

March 7, 2007
Writer: UI Political Futures Markets Very Accurate "In an editorial, Sabastian Mallaby, concludes that amateur traders on the UNIVERSITY OF IOWA's political futures market predict elections more accurately than professional pollsters ...

March 7, 2007
Futures Markets Are Noted for Accuracy "In an editorial, Sabastian Mallaby, concludes that amateur traders on the UNIVERSITY OF IOWA's political futures market predict elections more accurately than professional pollsters ...

March 5, 2007
Op-Ed Column Cites UI Markets "Columnist Sebastian Mallaby writes that despite periodic bouts of wantonly irrational investor behavior, most people now accept that financial markets -- indeed, all markets in which people trade views about the future -- are the least bad way of processing information ...

March 1, 2007
Iowa Health Prediction Market Opens Trading on Avian Flu Market "To prepare for a bird flu pandemic, the University of Iowa has unveiled a new tool to help public health officials better predict when the disease will strike and plan ways to stem its effects ...

February 24, 2007
Net Firm Emulates UI Political Markets "Inkling, a Chicago Internet firm, is offering everyday Web users and corporate giants a chance to predict outcomes ...