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The chances of President Joe Biden dropping out of the 2024 presidential election skyrocketed following his COVID-19 diagnosis, according to bookmakers.
Biden has been under intense pressure to withdraw from the race and make way for a new Democratic nominee in the weeks after a widely panned performance during the June 27 debate with former President Donald Trump.
Predictive betting website Polymarket listed the likelihood that “Biden drops out of the presidential race” at 69 percent at about 8:30 p.m. Wednesday, just over two hours after the White House announced that the president had contracted the virus.
President Joe Biden boards Air Force One after testing positive for COVID-19 in Las Vegas, Nevada, on July 17. The odds of Biden withdrawing from the 2024 presidential race skyrocketed following his diagnosis, according to…
President Joe Biden boards Air Force One after testing positive for COVID-19 in Las Vegas, Nevada, on July 17. The odds of Biden withdrawing from the 2024 presidential race skyrocketed following his diagnosis, according to bookmakers.
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KENT NISHIMURA/AFP
The odds had spiked from about 33 percent to 50 percent earlier in the day after Biden told BET News that he might be willing to drop out if doctors told him he had a “medical condition.”
“Biden just tested positive for COVID. Earlier today he said he’d consider dropping out if he had a ‘medical condition.’ Odds he drops out shot up to 66%,” Polymarket wrote just after the diagnosis was announced on X, formerly Twitter.
While Polymarket allows international users to place “yes” or “no” bets on propositions that predict world events, betting on politics is illegal in the U.S.
This is a developing story and will be updated as more information becomes available.
Uncommon Knowledge
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
Source link : https://www.newsweek.com/joe-biden-dropping-out-odds-surge-after-covid-diagnosis-1926777
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Publish date : 2024-07-17 21:16:31
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