Gingrich's Stock Plunges on InTrade

If you had to put your money on it, would you bet that Newt Gingrich will win the Republican nomination? If so, you're in the minority. After days of punishing attacks, Gingrich's odds of victory on InTrade have plummeted, observes Zeke Miller of Business Insider. At one point, bettors were valuing Gingrich as having an almost 40% chance of victory, but as of this writing, he's fallen to just 15%.

Mitt Romney, meanwhile, who had fallen as low as 42%, has bounced back to 58%. The polls may be headed in the same direction; a Rasmussen survey released today has Romney ahead of Gingrich in Iowa, with 23% to his 20%, and Ron Paul nipping at their heels at 18%. It's the fifth time in a row Rasmussen poll in Iowa has revealed a change atop the race. (More Newt Gingrich stories.)