Michael Bloomberg surges to 2nd place in the betting markets
Americans may not be betting on Michael Bloomberg yet, but betting markets still think he's got a chance.
The former New York City mayor has totally leapfrogged former Vice President Joe Biden in an average of betting markets, RealClearPolitics' average shows. Bloomberg has a 19 percent chance of winning, per ElectionBettingOdds.com, while PredictIt's betting market gives Bloomberg a 23-cent "yes" price to Sen. Bernie Sanders' (I-Vt.) 43 cents.
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The Biden drop was also good news for Sanders. He surpassed Biden on the betting markets in late January, and is now far and away the top candidate to win the Democratic nomination. Sanders, and according to RealClearPolitics' betting markets average, no top-ranking candidate has put that much space between themselves and second place since Sen. Elizabeth Warren's (D-Mass.) bump in October of last year.
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