[justlurking]

The Iowa Electronic Market has gone nuts.

Last night, "buying" a share that payes $1.00 for a Republican House and Senate closed at 28.3 cents.

I looked about 20 minutes ago, and the price had jumped to 50 cents. It is now at 78.9 cents.

The participants in this market collectively believe the chance of a Republican House and Senate is nearly 4 out of 5.

[justlurking]

I looked about 20 minutes ago, and the price had jumped to 50 cents. It is now at 78.9 cents.

The 9:45 (CST) price update just came out: To buy a share that pays $1.00 if it is a Republican House and Senate just went to 98.5 cents.

I think it's a lock, folks. Hopefully, there will be a pickup for MN and MO, making it +2 in the Senate after losing in AR.