Betting on Gridlock: A Sure Thing

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The Iowa Electronic Markets lets people place small bets on certain events. Because the bets cannot go over $500, the government allows this. The site is run by the University of Iowa.
I trust the judgment of the law of large numbers. So, I think this site beats the public opinion polls.
The participants have predicted a clean sweep of the House and Senate by Republicans. The voting is simply overwhelming.
Senate: Over 80% say the Republicans will win control.

This post was published at Tea Party Economist on October 17, 201.