Biden stock tanks in election betting markets after disaster performance

Election betters had a visceral reaction to the CNN Presidential Debate on Thursday night, with the odds that President Biden will prevail in November taking a nosedive.

PredictIt.org, an election betting website, showed shares predicting that the Democratic incumbent will win re-election dropped 15 points in the aftermath of Biden's widely panned debate performance. 

The website allows users to buy shares in a candidate, priced between 1 and 99 cents, which corresponds to the market's...