In a win for sites like PredictIt, Sen. Edward Markey (D) beat Rep. Joe Kennedy (D) 55% to 45%. The futures market went from 2-to-1 for Kennedy to an even more lopsided favoritism of Markey even before Massachusetts polls showed the senator opening up a 10-point lead prior to the actual vote. If there’s a loser it’s not Kennedy as much as Speaker of the House Nancy Pelosi (D), who blundered into the race at the 11th hour with an attempt to dislodge Markey that was probably counterproductive, stamping Kennedy as the candidate of the Establishment, a label that ultimately proved toxic. Elsewhere in the Bay State, Rep. Ayanna Pressley (D) had the brass to send out a ‘victory’ e-mail even though she had run uncontested.
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The betting markets for the race for President certainly account for actions like the Department of Homeland Security withholding reports that the Russians are planting stories about the “mental health of Joe Biden”, and the Director Of National Intelligence refusing to do in person briefings on election security to Congress… And the POTUS was impeached for trying to get a foreign country to intervene in this election. Betting on this election when someone with massive power is putting his thumbs on the scales is not good gambling money management if you ask me…