Now that Texas Republican Rep. Ron Paul is gaining in some polls on front-runner Newt Gingrich in Iowa, pundits are speculating on what would happen if he won.

According to “Fox News Sunday” host Chris Wallace, it probably wouldn’t help Paul as much as it would hurt Iowa. In an appearance on Wednesday’s “Your World with Neil Cavuto” on the Fox News Channel from Sioux City, Iowa, Wallace said it would be a “missed opportunity” for Gingrich.

“Well, the Ron Paul people are not going to like my saying this, but to a certain degree it will discredit the Iowa caucuses because rightly or wrongly, I think most of Republican establishment thinks he is not going to end up at the nominee, so therefore Iowa won’t count,” Wallace said. “It would be a knock to Gingrich, because, you know, right now he was the front-runner or a week ago he was the big front-runner the state so a missed opportunity for him.”

Watch:

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