Earlier this week, President Trump nominated Brett Kavanaugh to replace Anthony Kennedy on the Supreme Court. The oddsmakers and betting market nailed the pick, as Kavanaugh opened as the favorite (+175), never rose above +275 and closed between -500 and -1000 as news leaked before the announcement.
Now the fight to confirm Kavanaugh begins. Senate Majority Leader Mitch McConnell has vowed to hold confirmation hearings — and then a final vote this fall — before the midterm elections take place.
This morning, I welcomed Judge Brett Kavanaugh, @POTUS Trump’s outstanding #SCOTUS nominee, to the Senate. I look forward to hearing his testimony, and to voting on his nomination on the floor. pic.twitter.com/KzXdpGvf70
— Leader McConnell (@SenateMajLdr) July 10, 2018
Kavanaugh will need 51 votes to be confirmed. Republicans hold a narrow 51-49 majority in the Senate, but with John McCain sick and a handful of Republican Senators such as Susan Collins and Lisa Murkowski voicing concerns about the potential Roe vs. Wade implications of a confirmation, Kavanaugh isn’t a slam dunk to sit on the highest court in the land.
However, oddsmakers at MyBookie don’t seem to be concerned, making Kavanaugh at -500 favorite to be confirmed. That translates to an 83.3% implied probability. He’s +300 to not be confirmed.
Traders at PredictIt expect Kavanaugh to clear the Senate in September and receive 53 or 54 votes, with many of the on-the-fence voters helping him get there.
Bovada has also released odds on which party will control both houses of Congress after the midterm elections:
- Democratic majority: -125
- Republican majority: +120
- No overall majority: +900
- Republican majority: -300
- Democratic majority: +500
- No overall majority: +400
At PaddyPower, Democrats are a -137 favorite to win the House and Republicans are a -250 favorite to hold the Senate.
What do you think?
Is Kavanaugh a slam dunk to be confirmed to the Supreme Court? Will you be betting on any individual Senators to vote Yes or No? Do you see any value on which party will hold the majority in both houses after the midterm elections?