And now that the contest is all over bar the shouting , some betting market players are noting that they were able to call the race more accurately than the polls did. According to online betting website US-Bookies. Biden surprised many observers—and most polls —by beating Donald Trump in the Peach State by roughly 14, votes, becoming the first Democrat since to carry Georgia.
Those same betting odds forecasted that Biden would win the election with electoral college votes, according to US-Bookies, despite some polls predicting a momentous landslide that would have given Biden as many as electoral votes.
Betting odds appeared to provide a more realistic reflection of the dynamics in states like Florida, which Trump won handily despite many polls giving Biden an edge going into the election. He's also dealing with criticism from his Democrat base, who feel like the party is losing key ground on issues like gun reform and abortion. With criticism from all sides, Biden might not even be the party nominee if the Democrats take a beating during the midterms.
Kamala Harris' odds of winning the US presidential election Harris has seen her odds tumble, but she remains the Democrat favorite if Biden decides not to run again. The Smarkets exchange gives her a Harris is having a rocky tenure as VP and is struggling to break ground with her two biggest projects, border migration, and national voting reform.
Harris was previously on the U. Senate and has also served as the Attorney General of California. At age 57, Harris entered her political prime and ran for the Democratic nomination in before dropping out to endorse Biden. While a sitting president has never been defeated by a primary challenger, every president who faced a strong primary challenge went on to lose in the general election. At 79, Biden is already the oldest president in history. If he steps down due to his age and declining popularity, younger challengers and better communicators like Gavin Newsom or Pete Buttigieg will emerge.
Newsom served as the mayor of San Francisco from to and has been the governor of California since If the Democratic party decides to move on from candidates that were born before Willie Mays was a rookie Biden, Hillary Clinton, Elizabeth Warren, and Bernie Sanders were all born in the s , Newsom or Buttigieg could be excellent value plays. AOC currently serves as a U.
House of Representatives member, representing New York's 14th district. The politically savvy year-old has built a massive online following and will be turning the requisite age of presidential eligibility just before the election. Her biggest obstacle may in fact be her own party, with her more progressive views likely to alienate some of her colleagues unless they soften over time.
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How will the election affect stocks? Polls vs. Betting markets
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