Biden's Odds of Dropping Out of Presidential Race Now at 51%

IconCryptoNewsTerminal Staff08 Jul, 2024

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Biden's Odds of Dropping Out of Presidential Race Now at 51%

Biden's odds of dropping out of the presidential race are now seen at 51% by users of the decentralized prediction market Polymarket, down from 57% last night before Biden sent a fundraising appeal to Democratic donors. The change in odds suggests that traders believe Biden is more likely to stay in the race than they did before he sent the fundraising appeal. However, it is important to note that the odds are still above 50%, indicating that a majority of traders still believe Biden is likely to drop out. Biden has been facing increasing pressure to drop out of the race in recent weeks, as his poll numbers have declined and he has faced criticism from within his own party. However, Biden has repeatedly said that he intends to stay in the race until the end. It remains to be seen whether Biden will ultimately drop out of the race. However, the Polymarket odds suggest that traders believe it is a real possibility.

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