The stellar kinematics of the dwarf elliptical galaxy NGC 4486B have been measured in seeing sigma_* = .22 arcsec with the Canada-France-Hawaii Telescope. Lauer et al. 1996, ApJ, 471, L79 have shown that NGC 4486B is similar to M31 in having a double nucleus. We show that it also resembles M31 in its kinematics. The velocity dispersion gradient is very steep: sigma increases from 116 +- 6 km/s at r = 2 - 6 to 281 +- 11 km/s at the center. This is much higher than expected for an elliptical galaxy of absolute magnitude M_B = -16.8: NGC 4486B is far above the scatter in the Faber-Jackson correlation between sigma and bulge luminosity. Therefore the King core mass-to-light ratio, M/L_V = 20, is unusually high compared with normal values for old stellar populations. We construct dynamical models with isotropic velocity dispersions and show that they reproduce black hole (BH) masses derived by more detailed methods. We also fit axisymmetric, three-integral models. Isotropic models imply that NGC 4486B contains a central dark object, probably a BH, of mass M_BH = 6^{+3}_{-2} x 10^8 M_sun. However, anisotropic models fit the data without a BH if the ratio of radial to azimuthal dispersions is ~ 2 at 1. Therefore this is a less strong BH detection than the ones in M31, M32, and NGC 3115. A 6 x 10^8 M_sun BH is 9 % of the mass M_bulge in stars; even if M_BH is smaller than the isotropic value, M_BH/M_bulge is likely to be unusually large. Double nuclei are a puzzle because the dynamical friction timescales for self-gravitating star clusters in orbit around each other are short. Since both M31 and NGC 4486B contain central dark objects, our results support models in which the survival of double nuclei is connected with the presence of a BH (e. g., Tremaine 1995, AJ, 110, 628).