Over at Politicalbetting.com thinks Jon Cruddas might throw his hat in the ring for the Labour Party leadership. Guido has spoken to a number of Labour insiders who are divided on the issue. Some say he has to come off the sidelines as a critic and do something now Brown is banished. Others doubt he has the bottle and think he’ll calculate he can’t win and chicken out. If he doesn’t stand it will be another coronation for David Miliband.

The bookies have this morning marked Cruddas up to second favourite ahead of Balls and Ed Miliband. Burnham hasn’t ruled himself out either…

UPDATE : On the basis of a tip and some clues Guido called Matthew MacGregor from Blue State Digital’s London office to ask if his firm was going to be running the Cruddas online operation.  No denial has been forthcoming, so with those clues and the sudden overnight movement on the betting markets it is “Game On” as they say in Labour’s new media circles…