So, with Cuomo now officially leaving office on Aug. 24, that essentially settles his PredictIt markets, right?<\/p>\n
One market to keep an eye on is the impeachment market. Shares on his impeachment by Sept. 1 fell from 13 cents to 3 cents in the aftermath of his announcement early Tuesday afternoon. Then, they started slowly trending up. At 9:30 pm ET, they were trading at 8 cents.<\/p>\n
That share price is the equivalent of betting on an outcome with +1150 odds. It\u2019s a longshot, but it\u2019s still a possibility. After all, Congress impeached President Trump as he was on his way out.<\/p>\n
Assemblymember Yuh-Line Niou (D-Manhattan) said in a statement after Cuomo\u2019s resignation that his wrongdoings went beyond the harassment claims. They included trying to cover up the extent his administration\u2019s nursing home policies during the early stages of the COVID-19 pandemic affected the state\u2019s death toll. They also targeted the $5 million he made on a book deal last year about managing the crisis.<\/p>\n
\nThis is a pattern of his abuse of power, and impeachment is an appropriate and necessary step in our state\u2019s long and difficult healing process,\u201d Niou said. \u201cImpeachment means New York will not be paying Andrew Cuomo\u2019s pension for the rest of his life after his disgusting abuses of power.\u201d<\/p>\n<\/blockquote>\n
Assemblymember Charles Lavine (D-Glen Cove), who chairs the Judiciary Committee looking into impeachment charges against Cuomo, noted the possibility of a post-resignation impeachment \u201cas an interesting question\u201d during a press conference Monday.<\/p>\n
While not discounting it outright, Lavine added that holding a trial after the 63-year-old left office would be a \u201cmoot\u201d process.<\/p>\n
\u201cIt’s not going to be meaningful, but there would be the opportunity in the court of impeachment to prohibit him from ever again occupying statewide office,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York Gov. Andrew Cuomo shocked the nation Tuesday when he announced he would resign from office. He indicated he would rather resign than continue a fight against sexual harassment allegations he considered politically motivated. For some in the political trading world, it might have brought on a case of d\u00e9j\u00e0 vu. The three-term Democrat […]<\/p>\n","protected":false},"author":45,"featured_media":182446,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,61],"tags":[],"acf":[],"yoast_head":"\n
NY Gov. Cuomo's Surprise Resignation Shocks PredictIt<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n