Betting odds that California Democratic Gov. Gavin Newsom will be the 2024 Democratic presidential nominee have soared after President Joe Biden’s debate performance soared Thursday night, according to PredictIt.
Data Source Predict Since the debates between Biden and former President Donald Trump began, the Democratic governor’s chances of becoming his party’s nominee have jumped from 8/100 to 27/100, while his chances of winning the presidential election have jumped from 5/100 to 19/100. (Related: ‘Biden has a cold’: Media scrambles to explain debate)
🚨🚨🚨 Newsom is just **2x** more likely to appear on the ballot, and Biden’s chances of winning are plummeting. 🚨🚨🚨
Pre-debate: Trump 53%, Biden 48%.
Half the debate is over: Trump 61%, Biden 39%.
Newsom’s chances of winning have doubled! pic.twitter.com/gAR3GkAPO8— Meet Kevin 😇 (@realMeetKevin) June 28, 2024
PredicIt’s price forecast that Biden will win the election fell from $0.45 to $0.32.
Additional data on who will win the 2024 presidential election from OddsChecker shows Newsom’s odds at 20-to-1, while Biden’s are just under 3-to-1.
The betting odds have changed dramatically tonight, with Trump now the overwhelming favorite. pic.twitter.com/66pbgqMWYM
— Chris_Invests (@0810Investing) June 28, 2024
During a presidential debate, Biden froze mid-sentence while discussing raising federal taxes on wealthy people and corporations, and he also lied about no U.S. troops being killed while overseeing a disastrous withdrawal from Afghanistan.
Newsom has frequently been mentioned as a leading candidate to succeed Biden, but concerns about the president’s age and health have raised doubts in recent months about whether he will seek reelection. Other names that have been floated are Michigan Gov. Gretchen Whitmer, Pennsylvania Gov. Josh Shapiro and Vice President Kamala Harris.
