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Traders Made Timely Bets on Maduro Ouster

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“Traders on at least one prediction market late Friday night appeared to anticipate a rising chance that Venezuela’s Nicolás Maduro would be ousted this month,” the Wall Street Journal reports.

“The likelihood that he would be out of power by Jan. 31 climbed shortly before 10 p.m. Eastern time Friday after hovering around 5% to 6% for most of a week on the Polymarket betting site, its website shows.”

“Just before 10 p.m. Friday, that chance had ticked up to 8.5% and hit 12.5% just before 1 a.m. Saturday before beginning a steady climb at 1:15 a.m.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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