Markets Price Undeclared Nominees

Prediction markets and traders can assign substantial nomination value to politicians who haven’t announced a run, effectively creating an information asset that shapes media narratives, fundraising flows, and strategic choices long before formal campaigns start. That pricing can both reflect and amplify a candidate’s perceived electability independent of formal declarations or traditional primary tests. — If markets routinely price undeclared candidates, they become a self‑reinforcing political signal that can alter nomination contests and the incentives of potential entrants.