He'll Be Justice Kavanaugh on Monday If Betting Line Is Right

(Bloomberg) -- It’s been a wild ride.

The Brett Kavanaugh drama is finally coming to an end, and if the prediction markets are right, the final act will end with him securing a lifetime appointment to the U.S. Supreme Court.

The cost of a “yes” share on the PredictIt market was 90 cents -- which equates to a 90 percent chance of confirmation -- as of 2 p.m. in New York. If he’s confirmed by the Senate, the wager pays out $1 per share.

He'll Be Justice Kavanaugh on Monday If Betting Line Is Right

Less than two weeks ago, the cost of “yes” shares fell as low as 26 cents after the New Yorker magazine reported that a second woman, a Yale University classmate, had stepped forward with an accusation of sexual misconduct. (His confirmation was seen as a lock before Christine Blasey Ford accused Kavanaugh of sexual assault while in high school.)

The shares then fluctuated between 26 cents and 69 cents in the lead-up to Kavanaugh’s testimony before the Senate Judiciary Committee -- and closed at 74 cents on the day of the hearing, where he forcefully denied the allegations.

A major procedural vote in the Senate, which the GOP controls 51-49, is planned for Friday. A final vote on Kavanaugh could come as soon as Saturday.

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