Online Prediction Market Predictit: Trump's Probability of Winning Nomination Plummets

Trump probability to win Republican nomination is down to 44% from 67% just one week ago

The probability that Republican front-runner Donald Trump will win his party's presidential nomination dropped sharply in the past week while the likelihood of a brokered convention to potentially choose another candidate rose, according to online predictions market PredictIt.

Trump's probability of winning the nomination fell to 44 percent on Friday from 67 percent a week ago, according to the website, which is run by Victoria University in Wellington, New Zealand. 
For Republican rival Ted Cruz, a U.S. Senator from Texas, it rose to 34 percent from 14 percent during the same period.

The probability that the Republicans will have a brokered convention to decide the nominee for the Nov. 8 election jumped to 69 percent from 43 percent a week ago, according to PredictIt, an online predictions market where users place money on who they think will win the election. Many users are from the United States.