Chris Christie officially announced Tuesday, once again, that he was not running for President, leaving Mitt Romney as the race’s de facto frontrunner for now.
But what are the odds that Romney will emerge as the nominee next year in Tampa?
Christie’s press conference led to a flurry of action on betting site Intrade, leading to some big changes how forecasters view the odds each candidate will win the race.
Chance of winning the nomination according to Intrade: 57.9%
Romney's stock shot up as soon as word leaked that Christie would not get into the race, with his odds climbing above 50% for the first time.
Chance of winning the nomination according to Intrade: 20.6%
Perry's stock had been falling for days, but ticked back up moderately now that Christie -- who had been seen as the fiscal conservative best poised to challenge Perry on the right -- is (again) out of the race.
Chance of winning the nomination according to Intrade: 5.9%
Cain's odds, according to Intrade, rose roughly one percentage point since yesterday -- largely unaffected by his major bump in the polls.
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