Vice President Joe Biden may not be showing up for Tuesday's Democratic debate in Las Vegas, but one Democratic senator is convinced that he will at some point enter the race.

Speaking during an interview Monday at the gala dinner of Fortune's Most Powerful Women Summit in Washington, D.C., New York Sen. Kirsten Gillibrand said, "If I was a betting woman, I'd say he is."

When asked by Leigh Gallagher, assistant managing editor at Fortune, if she thought Biden would announce in the next 24 hours, in which case he could still qualify to participate in CNN's debate, Gillibrand said, "No, I have no idea."

"I think he's always aspired to it. He's been the vice president for a long time," Gillibrand said. "I think he's a wonderful public servant who cares deeply about the issues. And he's a champion. And he wants to fight for the values and his goals for America. So if I had to bet today, I bet he does."

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