Polymarket Predicts 77% Chance of Biden Dropping Out of 2024 Race

IconCryptoNewsTerminal Staff03 Jul, 2024

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Polymarket Predicts 77% Chance of Biden Dropping Out of 2024 Race

Polymarket, the decentralized prediction market, has assigned a 77% probability to the prospect of President Joe Biden withdrawing from the 2024 presidential race. This forecast follows reports from The New York Times indicating that Biden has been privately contemplating his reelection prospects. However, the White House has since refuted these claims, stating that they are "not true." Despite the White House's denial, Polymarket's prediction aligns with a growing consensus among political observers who believe Biden's age and potential health concerns could factor into his decision. The president will be 82 years old by the time of the 2024 election, making him the oldest person to ever assume the presidency. If Biden were to drop out, the Democratic Party would face a significant challenge in finding a viable candidate to replace him. Among the potential contenders being mentioned are Vice President Kamala Harris, Transportation Secretary Pete Buttigieg, and Senator Elizabeth Warren. However, none of these candidates have yet to establish a clear lead in the race for the Democratic nomination.

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