IEM sees Giuliani/Clinton race

"Traders on the IOWA ELECTRONIC MARKETS, which have been predicting U.S. elections with surprising accuracy for 20 years, are expecting a tight presidential vote next year, with the Democrat narrowly defeating the Republican. And the most likely match-up? Hillary Clinton vs. Rudy Giuliani. The nonprofit market, run by professors at the UNIVERSITY OF IOWA in the key early voting state and allowed to operate since 1988 by special permission, is unique in the United States because it is the only one where investors put real money -- small amounts under $500 -- on the line."

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