Biden’s Betting Odds Plummet Post-Debate, Harris Emerges as Potential Alternative

President Joe Biden is no longer leading the odds for becoming the Democratic Party’s nominee for the upcoming presidential election. Following his widely criticized debate performance last week, prediction platforms are reporting a significant shift in odds.

Polymarket, a prominent prediction market, has seen Biden’s chances of securing the Democratic nomination plummet from 90% to 49% in less than a week. This sharp downturn has been accompanied by a surge in Vice President Kamala Harris’s prospects, with her odds rising from a mere 1% to 35% in the same period.

Related: Reactions On Biden-Trump Debate: This Is A “Disaster”

Similar trends have been observed on PredictIt, another prediction platform, where Biden’s odds have fallen to 40%, placing him on par with Harris. This marks a stark contrast to his consistently strong position above 84% prior to the debate.

The shifting landscape has also impacted predictions for the general election outcome. On PredictIt, former President Donald Trump now leads with a 58% chance of winning, followed by Harris at 21% and Biden at 19%. This suggests that betting markets currently view Harris as a more viable candidate against Trump than the incumbent president.

Related: Biden-Trump Debate Summary: Face-Off Would Make One Ask Why US Only Has To Choose Between These Two

Taking it a step further (or lower), Polymarket says there’s a 53% chance that Biden will withdraw from the race before the Democratic convention which begins August 19.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

US Food Inflation Spikes To 43-Year High Yet Biden ‘Celebrates’ Inflation Reduction Act

The biggest disconnect today: US President Joe Biden touted the recently passed Inflation Reduction Act...

Wednesday, September 14, 2022, 02:59:00 PM

Joe Biden to Tighten Car Pollution Rules in Effort to Boost EV Adoption

The Biden administration is planning to propose the toughest-ever pollution rules for cars in the...

Friday, April 7, 2023, 09:00:00 AM

Biden Endorses FTC Proposed Rule To Ban Junk Fees

US President Joe Biden unveiled a significant move on Wednesday, as the Federal Trade Commission...

Thursday, October 12, 2023, 12:12:00 PM

Addressing Gas Supply Woes: It’s Restarting Coal Plants For Germany; It’s Rebate Cards For Biden

With the prices of energy resources set to further spike amid the ongoing Russia-Ukraine war,...

Tuesday, June 21, 2022, 02:14:00 PM

US Moves Again To Boost Local Nuclear Industry

The Biden administration has announced steps to bolster the domestic nuclear industry and advance America’s...

Thursday, May 30, 2024, 02:40:00 PM