Plutocracy Alert: Predictive Markets Still Bullish on JEB!

I'm comin' at ya Amerika! Whether you want me, or not!

(Rollcall) - Seasoned political operatives are dismayed at Donald Trump’s staying power in the Republican presidential primary.

But for those Republicans waiting for Trump’s surge to crest and more establishment candidates to rise to challenge him, there’s reason not to dump their Jeb Bush stock.

At least, that’s what political prediction markets suggest.

Going into the second GOP debate, PredictIt, an online political prediction site, shows the former Florida governor leading the GOP pack, followed by Florida Sen. Marco Rubio.

Contrast that with the double-digit lead Trump holds over Bush in Real Clear Politics’ polling average, and it looks like prediction markets know something the rest of America doesn’t.

Michael Burleson is a young software engineer in the D.C. metro area who’s put $750 into bets on PredictIt.

Traders such as him, self-described “political nerds,” bet on candidates they think will win the nomination and against those who they think won’t.

There’s evidence to suggest that kind of betting has more predictive value than polling likely voters.

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