The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Politics

Harris becomes betting market favorite for first time after Walz pick

by August 8, 2024
August 8, 2024
Harris becomes betting market favorite for first time after Walz pick

Vice President Kamala Harris has moved into the betting lead for the first time since being elevated to the top of the ticket.

Harris has a 50.7% chance to be elected president, while former President Trump sits at a 47.9% chance to win the election, according to the Real Clear Politics betting average on Thursday.

Thursday marked the first time Harris has been the betting favorite to win the election, while it’s also the first time the Democratic ticket has been favored over Trump since May 1, when President Biden was still in the race. On that day, Biden held a narrow 42.3% to 42.2% advantage in the Real Clear Politics betting average.

Since that day, Trump continued to put distance between himself and Biden, peaking as a 66.2% favorite on July 15.

But Trump’s lead steadily declined in the weeks after Biden’s decision to drop out of the race and endorse Harris, who quickly went on to lock up the Democratic nomination.

Trump’s odds tumble culminated Thursday, just days after Harris selected Minnesota Gov. Tim Walz to join her on the ticket, a move the Harris campaign believes will help her solidify support in critical Midwestern swing states such as Pennsylvania, Michigan and Wisconsin.

Harris was either leading or tied with Trump on Thursday in all the major betting markets tracked by Real Clear Politics, with her biggest lead coming on the popular platform Predictit, a New Zealand-based prediction market that offers ‘shares’ of political outcomes.

Harris shares were selling for 57 cents on the platform as of Thursday morning, while Trump shares were selling for 46 cents, an 11-cent lead for the vice president. Shares on the platform are priced between $0.01 and $0.99, meaning the price of a share essentially represents the percentage chance of a particular outcome.

The shift in the betting favorite comes as Harris has also overtaken Trump in many national polls, becoming the leader on the Real Clear Politics polling average for the first time on Monday. That lead represents the first time the presumed Democratic ticket has had the advantage since September 11 of last year, when Biden a 44.5% to 44.3% advantage.

Neither the Trump nor Harris campaigns immediately responded to Fox News Digital requests for comment.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Iran mulls scrapping plans to take revenge on Israel in exchange for a Gaza ceasefire
next post
Why ‘wardrobing’ retail fraud soars in the summer

You may also like

USDA’s woke boondoggle spent taxpayer dollars on DEI...

‘Psy-op’: Conservatives skeptical of House Dems’ motives in...

Tulsi Gabbard gives exclusive glimpse of Trump’s first...

House recesses with just 2 days to solve...

Biden’s ‘autopen signature’ appears on most official docs,...

The wheels are falling off the Harris-Walz vibe...

Israel ambassador slams UN council’s statement criticizing Israel:...

Draft review leaves future of Dakota Access Pipeline...

Father of Israeli hostage mistakenly killed by IDF...

Israel strike in Lebanon reportedly kills 4 Hezbollah...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF Inflows Rise, Coinbase Makes...

    • 7 Copper ETFs and ETNs

    • Trump’s tax hike proposal is ‘déjà vu’ of George H. W. Bush’s ‘read my lips’ moment, experts say

    • Pope Francis-era deal with Chinese Communist Party again under scrutiny as Pope Leo takes the reins

    • Diver dies in preliminary operations to recover tech tycoon’s sunken superyacht

    Categories

    • Business (1,633)
    • Investing (4,794)
    • Politics (7,543)
    • World (6,131)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top