President Obama's reelection prospects skyrocketed on Intrade, the online prediction market, Monday morning as news of Osama bin Laden's death spread.
Obama's 2012 reelection was trading below 60 percent on the site, but quickly jumped to 70 percent overnight. It's currently at 64 percent.
Absent any polling data showing the impact of the event on Obama's approval rating, which will take a few days to materialize, the Intrade number is an early glimpse of the potential bump.
Pollster John Zogby predicted Monday that Obama's approval rating, which is under 50 percent in the latest national polling, could jump as much as 10 percentage points or more thanks to bin Laden's death.
GOP presidential hopefuls, meanwhile, universally welcomed the death of bin Laden, but only two offered any congratulations to the president.
Both former Massachusetts Gov. Mitt Romney and former Minnesota Gov. Tim Pawlenty singled out Obama personally for praise in statement released after the news of bin Laden's killing.
Other potential candidates, including former Alaska Gov. Sarah Palin, former Sen. Rick Santorum (Pa.), Rep. Michele Bachmann (Minn.) and former Arkansas Gov. Mike Huckabee avoided any praise for Obama in their statements.