Kais Saied, a law professor, and Nabil Karoui, a media mogul, will face off in the October runoff election according to an exit poll by Sigma Conseil.
The struggle for power between Italy and the EU is much more than just the budget; it's about who rules Italy.
UEFA said last month that AC Milan did not meet a break-even requirement under its Financial Fair Play regulations, but the Court of Arbitration for Sport overturned the ban saying UEFA's disciplinary measures had been disproportionate.
The coalition of the anti-establishment Five Star Movement and anti-migrant the League has been high on hostile rhetoric, but it remains to be seen whether it translates into reality.
Italy succumbs to the forces of populism with voters increasingly attracted to leaders railing against the establishment.
The lifting of the ban comes three days after the 81-year-old four-times premier gave his blessing to his political ally the League to form a government without him.
Di Maio's Five Star Movement (M5S) seeks to broker a German-style "government contract" with Matteo Salvini's nationalist League party without Silvio Berlusconi, whom the M5S deems politically corrupt.
A horse-trading deal could now pave the way for discussions over who will lead the country as a Five Star Movement member was chosen as speaker of the Chamber of Deputies while a Forza Italia was voted head of the Senate.
With no faction winning a clear majority in Sunday's vote and the two rival leaders claiming victory, a hung Parliament is expected and long, fraught negotiations to form a new government lie ahead.
Italy's future seems uncertain as projections show that no single bloc or party has the support to win a majority in Parliament.
Pollsters predict that former prime minister Silvio Berlusconi and his far-right allies will emerge as the largest bloc in parliament, but fall short of a parliamentary majority.
Italy's rival political parties made a final bid for votes on Friday ahead of an election in which former prime minister Silvio Berlusconi is gunning for a leading role in shaping any new government.
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