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November 03, 2006

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blackswan

I'm astonished that you haven't referenced the (venerable) Iowa Political Markets wherein real money is "bet" in a futures market motif. It's accuracy is legendary. Recently BARRON'S in a cover story disputed the IPM opting for using dollars raised as a better indicator, thereby calling both Houses for Republicans-and, without a note of irony for this supposedly free market publication!

blackswan

Please allow me to correct my above post-in haste I wrote Iowa Political Markets-it should be Iowa Electronic Markets. Sorry, to err is human, to forgive is divine.

Bruce

Looks like the prediction markets were astonishingly accurate.

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