In this article, we present a forecast of the 2010 midterm House election based on information available in early July 2010. We combine this forecast with a note of caution, explaining why electoral circumstances might lead our forecast to err. Finally, we present guidance regarding how to...

Election markets have been praised for their ability to forecast election outcomes, and to forecast better than trial-heat polls. This paper challenges that optimistic assessment of election markets, based on an analysis of Iowa Electronic Market (IEM) data from presidential elections between...