When was the political prediction markets model used for the first time?
The first political prediction markets model was used in 1988 at the University of Iowa. Professor Robert Forsythe and his colleagues where so astounded by the result they predicted during the elec-tions of the US President that their series of experiments kept going to the current day. The following statistics show the accuracy of the result in relation to the result of the election of the US Presi-dent in 1988.
