Ted Cruz Sees Surge In Prediction Markets Following Super Tuesday Victories

Republican presidential candidate, Sen. Ted Cruz (R-TX), with wife Heidi and Texas Attorney General Dan Patrick by his side, celebrates at a Super Tuesday watch party March 1, 2016.
Erich Schlegel/Getty Images

The stock of Sen. Ted Cruz (R-TX) is rising on prediction markets, following his showing on Super Tuesday, with his wins in Texas, Oklahoma and Alaska.

According to Predict It, a prediction exchange for political and financial developments, Cruz’s odds to win further primary states have increased across the board.

Before Super Tuesday, it was widely assumed that businessman Donald Trump might win all four states up for grabs on March 5 (Kansas, Kentucky, Louisiana, Maine).

But the exchange now predicts that Cruz will upset Trump in the state of Kansas. However, Trump is still expected to win Maine, Louisiana, and Kentucky. As for the Puerto Rico Republican Primary on Sunday, Predict It speculators say Marco Rubio has a 75 percent chance to win.

Predictwise, another prediction exchange, has come to the same consensus about the upcoming primaries, favoring Cruz in Kansas, Trump in the three remaining Saturday states, and Rubio in Puerto Rico on Sunday.

Cruz shocked pundits with his Super Tuesday win in Oklahoma, where polls taken days before the primary indicated that Trump would win by double-digits, but Cruz ended up winning with comfortable margins.

The Senator crushed the opposition in his home state of Texas, winning the state with almost 44 percent of the home.

Cruz also surprised in winning Alaska, where Trump was again favored, especially after receiving the endorsement of the state’s former governor, Sarah Palin.

The four remaining Republican contenders, Trump, Cruz, Sen. Marco Rubio (R-FL), and Gov. John Kasich,  will square off tonight at the Fox News Republican debate in Detroit, Michigan. They will then fly to the Washington, D.C. area for the Conservative Political Action Conference (CPAC).


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