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US elections 2020

President Pence? Political speculators bet on Republicans' Plan B

Trump's COVID-19 diagnosis lifts 'share' price for vice president to lead ticket

U.S. Vice President Mike Pence and wife Karen Pence at a debate watch party. Speculation is growing over what happens should President Donald Trump fall seriously ill.   © Reuters

NEW YORK -- Speculators on the inner workings of Washington have begun to place bets on what might happen if U.S. President Donald Trump's coronavirus infection makes him severely ill -- namely the possibility of a President Mike Pence. 

New Zealand-based PredictIt is a real-money prediction market for political events. Users place bets by purchasing a "share" in a political outcome, whose price increases with its perceived likelihood, and win $1 for each correct share bought.

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