The market has swung dramatically on who will succeed Lorne Michaels at Saturday Night Live, with Seth Meyers jumping from 21¢ to 82¢ overnight while Colin Jost collapsed from 70¢ to 35¢. This represents a complete reversal in conventional wisdom about the succession race.

The timing suggests new information has reached the prediction market that hasn't yet surfaced publicly. While Meyers has previously said he believes Lorne Michaels already knows who will succeed him, "and that person doesn't know," the market is now pricing him as the overwhelming favorite. Notably, Meyers himself has stated he's "definitely not going to do it," acknowledging that while he learned much from watching Michaels, "there are things you just can't learn". The market's confidence despite Meyers' public statements suggests traders believe succession plans are moving forward regardless of his stated reluctance.