Who needs an election? According to the Iowa Electronic Markets - in which people can bet real money on the prospects of presidential candidates - Hillary Clinton has a nearly 70% probability of winning the Democratic presidential nomination. Her nearest rival, Barack Obama, is at just 15%.
Over on the Republican market the race is much closer. Rudy Giuliani is backed at 36%, Romney at 26%, and the slumping Thompson down to just 18%.
It's worth noting that the IEM has a less than stellar record of predicting the winner this far out. At this point in 2003, for example, Howard Dean was at similar levels. Much good it did him.
