Mark Cuban says he has "no plans" to run for president in 2024

• Cuban has toyed with the idea of running for office before, floating a potential run during an Axios event in 2020.
• His business and TV personality background potentially positions him as a strong candidate with deep pockets and wealthy partners who are major political donors.
• The speculation regarding Cuban's aspirations came amid wider theorizing of a potential third-party presidential run against President Biden and former President Trump, the presumed Democratic and Republican nominees.

The big picture: During an Axios event in 2022, Cuban said he would not run for office but criticized the U.S.' two-party political system, calling it "so messed up."

• Specifically, he said primary elections prompt candidates to adopt more extreme positions because people who vote in them often have the most "extreme views."
• He added that he could see himself advocating for ranked-choice voting and open primaries.

The billionaire has worked to lower prescription drug prices through his direct-to-consumer online pharmacy, Cost Plus Drugs, over the past several years — an effort Americans overwhelmingly support, polling in recent years has shown.

Go deeper: Wall Street analysts predict 2024 vibes, from inflation to stocks