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Political Prediction Market: Donald Trump’s nomination odds sink as Ted Cruz surges

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Posted at 6:53 AM, Mar 06, 2016
and last updated 2016-03-06 08:53:53-05

By Gregory Krieg

CNN

(CNN) — A strong Super Saturday performance has given Ted Cruz a big boost in CNN’s Political Prediction Market, while Donald Trump has seen his odds of claiming the Republican nomination drop 15% in less than 24 hours.

Powered by a combination of polling and forecasts from more than 100,000 users, the live probabilities generated by Pivit now have the brash billionaire at 63% to win the GOP nod — down from 78% before polls opened.

Cruz, who scored strong wins in the Kansas and Maine caucuses, has been the beneficiary of Trump’s woes, gaining 15% from Saturday morning to put him at 25% odds to earn the nomination.

Florida Sen. Marco Rubio, meanwhile, currently sits as a 6% underdog shot to upend the field.

Pivit has a partnership with CNN for users to play and predict the outcome of the 2016 election.