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Evelyn Soto
Evelyn Soto

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Trump's Odds of Victory Surge to 67% on Polymarket Post-Presidential Debate

According to the search results, the first presidential debate between Donald Trump and Joe Biden has significantly impacted the betting markets and political odds for the 2024 election:

  • Trump's odds of winning the 2024 presidential election surged to 67% on the Polymarket platform after the debate. This represents a significant increase from his previous odds.
  • Biden's chances of becoming the Democratic nominee have slid to just 70%, down from higher levels before the debate. This suggests growing skepticism about Biden's ability to secure the nomination.
  • Meanwhile, California Governor Gavin Newsom's odds of becoming the Democratic nominee have jumped to 15%, up from just 4% previously. This indicates that bettors see Newsom as a potential alternative to Biden.

The search results suggest that Biden's widely panned performance in the debate has severely damaged his political standing. Analysts and commentators have criticized Biden's struggle to coherently answer questions and reassure voters about his age and fitness for office.

This has led to a surge in speculation that the Democratic party may need to find an alternative candidate to replace Biden on the 2024 ticket. While Newsom has repeatedly stated he is not interested in running, the betting markets seem to indicate growing momentum behind him as a potential replacement.

However, the search results also caution that betting markets can be poor predictors of election outcomes, as they were wrong about the 2022 midterm results. The clientele for political betting also tends to be right-leaning and male, which could skew the odds.

Nonetheless, the dramatic shift in the political odds after the first debate underscores the high stakes and volatility of the 2024 presidential race. With Biden's political standing weakened, the Democratic party may face difficult decisions about its future direction and leadership. The search results suggest that the coming weeks and months will be crucial in determining whether Biden remains the party's standard-bearer or if another candidate emerges to challenge him.

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