CNN’s Harry Enten Breaks Down Why Gamblers Are Betting Against Gaetz Confirmation: His Nomination is in ‘Big Trouble’

CNN data reporter Harry Enten explained why the betting markets have turned against the possibility of former Rep. Matt Gaetz (R-FL) being confirmed as attorney general.

Following his victory over Kamala Harris, President-elect Donald Trump announced he is nominating Gaetz to lead the Department of Justice. Before resigning from Congress, Gaetz faced a House Ethics Committee investigation regarding allegations that he slept with a minor.

Many Republican lawmakers, including some senators, have expressed doubt over Gaetz making it through the Senate confirmation process. Meanwhile, Trump has floated the idea of using recess appointments to get his most controversial cabinet nominees — including Gaetz — in office.

But Enten told CNN anchor John Berman that even among other controversial Trump picks, Gaetz is the only one who gamblers believe will not get through.

ENTEN: There is just one word when it comes to Matt Gaetz’s chances in the betting markets. And it is yikes. Yikes. Yikes. Yikes. Chance Matt Gaetz becomes Trump’s AG. Look at this. 37% say yes. The majority, 63% say no. And I should note, I looked up every other one of Trump’s choices to be in his cabinet. This is the only one in which less than a majority say yes. The bottom line is the conventional wisdom suggests that Matt Gaetz’s chance to be Trump’s attorney general are in big big trouble.

BERMAN: One thing I know from social media the last few weeks is the betting markets apparently know everything that they know more than political scientists, than political consultants. The betting markets are always right according to social media.

ENTEN: The betting markets aren’t always right, though I should point out they did nail that Trump was going to win the election a few weeks ago. And when you have stuff like this in which you don’t necessarily have polling, I think they’re a good gauge of the conventional wisdom. And at this point, the gauge of the conventional wisdom is that Gaetz’s nomination is in big trouble.

Watch the clip above via CNN.