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economicskalshi logokalshiApril 8, 20266d ago

Will Ashley Moody be Trump's next Attorney General?

Will Ashley Moody be the first new person to serve as Attorney General before January 20, 2029?

Resolves Jan 20, 2029, 3:00 PM UTC

Signal

NO TRADE

Probability

1%

Market: 1%Edge: 0pp

Confidence

HIGH

85%

Summary.

The market-implied probability of 1% for Ashley Moody becoming the first new Attorney General appears well-calibrated and aligns with our estimated probability of 1% (85% confidence). As of April 8, 2026, multiple structural barriers make this outcome extremely unlikely: (1) EPA Administrator Lee Zeldin is the consensus frontrunner for permanent AG, (2) Todd Blanche is already serving as Acting AG and has expressed interest in the permanent role, (3) Moody is actively campaigning for her Florida Senate seat with a commanding lead in the 2026 special election, creating strong disincentives to abandon the race, (4) the bet's critical requirement that Moody be the FIRST new AG eliminates any scenario where Zeldin or Blanche is appointed first, regardless of later turnovers, and (5) historical base rates show fewer than 5% of Senators in similar positions resign mid-campaign for Cabinet posts. While Trump administration unpredictability prevents assigning near-zero probability, no evidence suggests Moody is under serious consideration, and her ongoing Senate campaign creates an immediate, concrete conflict with accepting an AG nomination.

Reasoning.

Current Situation (as of April 8, 2026):

  • Pam Bondi was fired as AG on April 2, 2026
  • Todd Blanche (Deputy AG, former Trump personal attorney) is currently Acting AG and expressed openness to taking the role permanently
  • EPA Administrator Lee Zeldin is widely considered the top candidate for permanent AG
  • Ashley Moody is a sitting U.S. Senator from Florida, running in a 2026 special election with a commanding poll lead

Critical Constraint Analysis: The bet resolves YES only if Ashley Moody is the FIRST new person to serve as Attorney General before January 20, 2029. This creates a narrow path to YES:

  1. Immediate Competition: Moody faces two significant obstacles BEFORE she could even be considered:

    • Todd Blanche is already Acting AG and interested in the permanent position
    • Lee Zeldin is the consensus favorite for the permanent role
  2. Senate Seat Disincentive: Moody is:

    • Newly appointed (Jan 2025) to a prestigious Senate seat
    • Actively campaigning with a commanding lead in 2026 special election
    • Would need to abandon a likely Senate victory to accept AG role
    • Historical base rate: <5% of Senators in this position resign for Cabinet posts
  3. Sequencing Problem: Even if Moody were interested in AG later (post-2026 election), the bet requires her to be FIRST. If Zeldin or Blanche is confirmed first, the bet immediately resolves NO, regardless of future AG appointments through January 2029.

Probability Pathways to YES:

  • Path 1: Trump bypasses both Blanche and Zeldin to nominate Moody immediately (extremely unlikely given current reporting and her Senate campaign)
  • Path 2: Blanche or Zeldin declines, Trump nominates Moody before her election, she abandons Senate campaign (very unlikely)
  • Estimated combined probability: ~1%

Why Not Higher?

  • Trump administration unpredictability could theoretically lead to surprise nominations
  • However, Moody's active Senate campaign creates immediate, concrete conflict
  • The FIRST requirement eliminates scenarios where Moody becomes AG later
  • Zeldin's consensus frontrunner status is strong signal

Why Not Lower?

  • 3-year window allows for scenario volatility
  • Trump has defied conventional predictions before
  • Cannot completely rule out political calculations that make Moody attractive despite obstacles

Market Assessment: The 1% market probability appears well-calibrated and accurately reflects the multiple structural barriers to this outcome.

Key Factors.

  • Lee Zeldin is consensus frontrunner for permanent AG position

  • Todd Blanche already serving as Acting AG and expressed interest in permanent role

  • Ashley Moody actively campaigning for Senate seat with commanding lead - strong disincentive to resign

  • Bet requires Moody to be FIRST new AG - if anyone else appointed first, bet resolves NO

  • Historical base rate: <5% of Senators in similar positions resign for Cabinet posts

  • No public reporting suggests Moody is under consideration for AG role

Scenarios.

Base Case: Zeldin or Blanche Becomes AG First

92%

Lee Zeldin is nominated and confirmed as permanent AG within the next few months, OR Todd Blanche is elevated from Acting to permanent AG. Either outcome immediately resolves the bet to NO, as Moody would not be the FIRST new AG. This reflects the current consensus reporting and logical next steps given the Acting AG already in place.

Trigger: Formal nomination announcement for Zeldin or Blanche; Senate confirmation hearings scheduled; Moody continues Senate campaign through summer 2026

Bull Case: Moody Appointed First

1%

Trump surprises political observers by nominating Ashley Moody as AG before Zeldin or Blanche. Moody abandons her Senate special election campaign (despite commanding lead) to accept the position. She is confirmed by the Senate and becomes the first new AG after Bondi. This requires multiple unlikely decisions: Trump bypassing consensus favorite, Moody abandoning likely Senate victory, and Senate Republicans supporting the nomination.

Trigger: Trump announces Moody nomination before any other AG nominee; Moody withdraws from 2026 Senate race; Florida begins process for new Senate appointment

Other Outcome: Different Candidate or Multiple AG Turnovers

7%

Trump nominates someone other than Zeldin, Blanche, or Moody (another surprise candidate). Or significant delays occur where no permanent AG is appointed for extended period. The bet still resolves NO unless Moody somehow becomes the first permanent appointment, which remains extremely unlikely given her Senate position.

Trigger: Nomination of unexpected candidate; extended Acting AG period; political turbulence delaying confirmations; Moody remains in Senate through 2026 election

Risks.

  • Trump administration appointments are inherently unpredictable - surprise nominations have occurred before

  • Unknown private discussions between Trump and Moody could exist

  • Zeldin or Blanche could decline or face unexpected disqualification

  • Political calculations unknown to public could make Moody attractive AG candidate

  • Long time horizon (until Jan 2029) allows for multiple scenario reversals

  • Senate dynamics could change making Moody's seat less attractive

  • Research could be missing insider knowledge about Trump's actual preferences

Edge Assessment.

No edge identified. The market probability of 1% appears well-calibrated and accurately reflects the structural barriers to this outcome. The estimate agrees with market odds. Multiple concrete factors support this low probability: (1) Moody's active Senate campaign with strong polling, (2) Lee Zeldin's consensus frontrunner status, (3) Todd Blanche already serving as Acting AG, (4) the critical FIRST requirement that eliminates later appointment scenarios, and (5) historical base rates of Senators abandoning strong electoral positions for Cabinet roles. While Trump administration unpredictability prevents assigning near-zero probability, there is no evidence suggesting the market is systematically underpricing this outcome. No betting edge recommended.

What Would Change Our Mind.

  • Trump publicly announces Ashley Moody as his nominee for Attorney General before nominating Zeldin or Blanche

  • Moody withdraws from the 2026 Florida Senate special election campaign

  • Both Lee Zeldin and Todd Blanche publicly decline interest in the AG position

  • Credible reporting emerges indicating Moody is under serious consideration or has been offered the AG role

  • Moody's polling position in the Senate race deteriorates significantly, reducing the opportunity cost of accepting AG

  • Senate confirmation process for Zeldin or Blanche fails or stalls indefinitely without alternative nominee emerging

Sources.

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This analysis is for educational and entertainment purposes only. Not financial advice. Market conditions change rapidly.