US President: Trump odds dip as Kamala Harris SEES huge surge

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Donald Trump‘s odds to win the Oval Office are now at -156 following Joe Biden’s decision to drop out – meaning oddsmakers view him as being 61 percent likely to surface as the next president come November.

It stood as a slight dip from a day ago when the president’s odds were pegged at 64 percent, suggesting some uncertainty as Democrats mull a new candidate. 

In contrast, Biden‘s odds plummeted to essentially zero, according to PredictIt – as his Vice President, Kamala Harris, saw her odds rise to +163. That’s up from the +900 seen just days ago on July 16, and way up from back in June, before Biden’s disastrous debate performance, when her chances were at an even lower +2400. 

This means oddsmakers have pegged her as being 12 times more likely at pulling off a win as she was a month ago, when handicappers saw Biden’s odds as around 50-50.

That statistic has since halved more than six times over, as the election rapidly approaches.

Donald Trump: -156

While not the most reliable of information aggregators due to journalists and political staffers being disallowed from casting, the site and its odds marker is widely considered an effective and reliable measure of predicting elections.

It is also the only presidential odds market that has a federal exemption for research reasons – as such markets, strictly speaking, are not exactly legal.

But despite repeated attempts to upend it by the Commodity Futures Trading Commission (CFTC), this one is – and now shows Trump comfortably leading despite a small slip-up seemingly triggered by Biden’s decision to bow out.

He started the day with a line of -178, now down to -156.

Kamala Harris: +163

Harris, meanwhile, started last week as a long-shot with 10-1 odds, even as many pegged her as the apparent replacement as many called on Biden to drop out.

This prospect took a step closer to becoming a reality almost immediately Sunday, after her old running mate took to X to make the highly anticipated announcement.

Within seconds, her chances spiked by nine percent, after already improving by 17 percent over the course of last week.

Joe Biden: +9900

The next-most dramatic shift was sported by Biden, whose stock slipped from +567 to nearly 100-1 again in seconds, after sloping down from 48 percent since his debate last month. 

Despite confirming in his statement he would be ‘stand[ing] down,’ PredictIt still pegged him as having a small, 1 percent chance of somehow still snagging the presidency.

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Ola Alabi
Ola Moses is a certified writer, He writes technically and creatively. He is the CEO of WORDSWORTH, a house where writing is made easier for all. He is a content creator at EsB TV, since 2019. He is a young man that showcases professionalism in all that he does, he was announced as Child and Green Foundation Person of the Year 2018, one of his many lists of honours.

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