Kamala Harris Overtakes Biden in Prediction Markets, Has Trump’s Opponent Changed?
Kamala Harris has recently surged ahead of President joe Biden in prediction markets, marking a significant shift in the political landscape as the 2024 US presidential race intensifies. But the battle between Republican candidate Donald Trump and Biden is far from over.
Kamala Harris Surpasses Biden in Betting Markets
On Predict It, Kamala Harris winning the US 2024 election has risen to 22 cents, while Biden’s has fallen to 21 cents. Trump has taken a big lead, with the bet on him being priced at 59 cents. Still, it may be too early to see Harris as Trump’s ultimate rival.
President Biden is now neck and neck with Republican rival Donald Trump in the November primary, according to a new Reuters poll. The poll also reveals a shifting sentiment among Democrats, with about a third saying Biden should consider stepping aside after a “ridiculous” debate performance.
The debate has sparked internal debate among Democrats, with some Biden loyalists now questioning his chances of winning reelection in 2024. Party insiders also say Vice President Kamala Harris has emerged as the preferred candidate to step in if Biden decides to drop out of the race.
Biden recently made a statement about his debate performance, admitting that it was “not smart” to travel extensively ahead of the event. “I didn’t listen to my staff … and then I almost fell asleep on stage,” he said during an event with Rep. Don Beyer. “That’s not an excuse, it’s an explanation,” he added.
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US Election Race Intensifies
The political momentum appears to be shifting toward Trump, who now has a 3-point advantage over Biden in key battleground states and a 2-point lead nationally. This shift highlights a critical dynamic in the race: voter motivation. Republicans are now showing higher enthusiasm and more say they will “definitely” vote than their Democratic counterparts.
More than 90 percent of Biden and Trump supporters strongly oppose voting for the other candidate. Despite this strong partisan divide, the overall stability of the race has not changed significantly. There was a brief surge in Biden’s support after Trump was convicted of felony charges in New York in June. But this did not significantly change the dynamics of the overall election.
In light of recent controversies and shifting polls, the Democratic Party is facing a crucial decision regarding its 2024 candidacy. Kamala Harris’ rise in prediction markets signals growing support within the party and among political analysts. If Biden’s campaign continues to face challenges, Harris could become the Democratic frontrunner.
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Kritika has over 2 years of experience in the financial news industry. Currently working as a crypto journalist at Coingape, she has consistently demonstrated a mastery of blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of emerging trends in finance, technology, and crypto.
The content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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