In a surprising turn, Kamala Harris, the Democratic nominee and current Vice President, trails behind with odds of 6/4. The betting market saw a surge with £2 million placed in just one day, and an overwhelming £1.5 million of that amount was wagered on Trump. Sources such as Betfair spokesperson Sam Rosbottom have noted the dramatic shift in odds, highlighting that this is the lowest they’ve been since late July when Joe Biden officially withdrew from the race.
- Surge in Betting on Trump: With £2 million wagered in just one day, including £1.5 million on Donald Trump, his odds of winning the 2024 US presidential election have shifted dramatically in his favor.
- Harris’ Tough Position: Despite a slight lead in national polls, Kamala Harris, the Democratic nominee, trails Trump in betting markets, with her odds at 6/4.
- Key Battleground States: Arizona, Georgia, and Pennsylvania remain critical in the upcoming election, as both campaigns intensify efforts to win over voters in these pivotal regions.
- Election Betting Market: The total amount bet on the US election through the Betfair Exchange has surpassed £140 million, with Trump enjoying the lowest odds since July when Joe Biden withdrew.
More than £140 million has been bet in total on the Betfair Exchange US election markets. The momentum has shifted decisively in Trump’s favor as the election date of November 5 approaches. Trump is running alongside Ohio senator JD Vance, while Harris has chosen Minnesota governor Tim Walz as her running mate. Despite a slight lead in national polls, with FiveThirtyEight placing her 2.5 percent ahead, Harris faces a tough battle against the betting odds.
FiveThirtyEight is a popular website that specializes in statistical analysis, focusing primarily on politics, economics, sports, and culture. Founded by Nate Silver in 2008, the site gained prominence for its use of data-driven models to predict the outcomes of U.S. elections, offering detailed forecasts that blend polling data, historical trends, and other relevant metrics.
In addition to election forecasts, FiveThirtyEight covers a wide range of topics, from sports predictions to policy analysis. The site is well-known for its rigorous methodology and transparent explanation of the data behind its forecasts, making it a trusted source for understanding complex issues through numbers.
The upcoming election is expected to be closely contested, particularly in battleground states such as Arizona, Georgia, and Pennsylvania. These states were pivotal in the 2020 election, flipping from Trump to Biden, and are poised to play a crucial role once again. As the election nears, both campaigns are ramping up efforts to secure votes in these decisive regions.