What is a Prediction Market?

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Submitted by Aaron Huber on January 27, 2011
A prediction market is a collection of people speculating on a variety of events - exchange averages, election results, commodity prices, quarterly sales results or even such things as gross movie receipts.


If you think you are interested in trying out a real-life prediction market check out the University of Iowa's IEM (Iowa Electronic Market). The IEM is an on-line futures market where contract payoffs are based on real-world events such as political outcomes, companies' earnings per share (EPS), and stock price returns.

IEM Homepage - http://tippie.uiowa.edu/iem/index.cfm
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