Former House Speaker Newt Gingrich has long insisted he belongs in the top tier of Republican candidates for the 2012 nomination--even in the wake of campaign staff implosions and embarrassing reports of his free-spending patronage of Tiffany's.
And as Gingrich gains noticeable momentum in the polls, the prediction markets are also starting to take him more seriously. Gingrich's stock in prediction markets such as Intrade has been gaining ground over the past few weeks, but took a sharp upward turn on Monday as the media broke a round of damaging allegations about Herman Cain: claims of sexual harassment dating to Cain's 1990s tenure at the National Restaurant Association, together with reports of campaign fundraising violations.
In the short term, the unorthodox Cain campaign has yet to show signs of flagging in the face of the charges--a new Washington Post/ABC poll shows him essentially tied with Mitt Romney atop the GOP field. But a look at the larger picture via the predictionRead More »from Taking a serious look at Newt Gingrich