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Do you want to know who will win the presidency in 2012? One good place to look is the Iowa Electronic Market. The market just opened and there isn't much volume yet, but it should be interesting in a while. You can also watch the 2012 congressional markets.
Are you wondering how well they have predicted previous races? Take a look at the graphs for previous elections:
2008 Presidential
2006 House of Representatives
2004 Presidential
2000 Presidential
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