Comment on Iowa Electronic Markets launch 2016 presidential, Congressional prediction markets

IOWA CITY — Money and politics are often viewed as enemies. But the Iowa Electronic Markets use the power of money to predict politics with surprising accuracy, treating politicians like stocks and letting the free market do the rest.“We tie the payoff of the contracts to the outcome of the election,” said Professor Thomas Rietz, faculty director of the Finance Academy at the University of Iowa’s Tippie College of Business.A dollar or less lets you play this political betting game.