The IEM is a menu-driven, computerized futures market where contract payoffs are based on real-world events such as political outcomes, companies' earnings per share (EPS), and stock price returns. As of October 6, 1994, political contracts include: New Jersey Senate, New York Governor, Pennsylvania Senate, Texas Governor, US House of Representatives, US Senate, Utah 2nd Congressional District, and the Virginia Senate. Companies currently in the EPS market include IBM and KMart. All the software and hardwar
