Biden Faces 80% Odds on Polymarket to Exit Presidential Race

by

As a seasoned crypto investor and political observer with a keen interest in global events, I find the recent developments surrounding the US Presidential race intriguing, especially with Joe Biden’s odds of withdrawing from the race reaching an all-time high on Polymarket. This news comes at a time when the Democratic National Convention is just around the corner, adding more pressure to the incumbent President.

The chances of US President Joe Biden dropping out of the presidential race based on the data from Polymarket have increased to 80%. This latest development is significant as rumors suggest that Biden may announce his decision as early as this coming weekend.

Biden 80% Odds on Polymarket to Exit Race

Based on Polymarket’s analysis, the probability of Joe Biden withdrawing from the presidential race has significantly increased to 80%. This is a substantial jump from just two days ago when the odds were at 33%. The recent surge is reportedly driven by several factors including Biden’s advanced age, his recent Covid-19 diagnosis, and a subpar performance in the last debate.

Concurrently, high-ranking Democrats such as Senate Majority Leader Chuck Schumer have been advocating for Biden to reconsider his presidency. Additionally, House Speaker Nancy Pelosi has expressed concerns based on polling data that Biden may not be able to outcompete the GOP nominee, former President Donald Trump, in upcoming elections.

As a researcher, I’ve noticed an intriguing shift in the political landscape: the likelihood of Biden withdrawing from the presidential race has risen to approximately 80%, according to Polymarket odds. This is quite notable given that just a while ago, JD Vance’s predicted odds of being chosen as the Vice Presidential pick stood at 71%. Interestingly enough, those odds proved accurate.

— Eleanor Terrett (@EleanorTerrett) July 18, 2024

The report added that during their discussions, Barack Obama, a former president, urged Biden to consider the feasibility of seeking re-election.

Pressure Ahead of the Democratic National Convention

As I analyze the political landscape, the upcoming Democratic National Convention on August 19 in Chicago carries significant weight due to the crucial role it plays in determining the Democratic Party’s presidential nominee. The heightened odds on Polymarket indicate an increasingly uncertain and tense atmosphere within the party as we approach this pivotal event.

To alleviate mounting worries, Biden has reaffirmed his capability to carry out presidential responsibilities despite being 81 years old. As attested by White House physician Dr. Kevin O’Connor following a recent medical assessment, Biden is an energetic and fit senior gentleman, possessing the necessary health to discharge the president’s duties.

Biden has made it clear that he won’t pursue the presidency if his health deteriorates.

Bitcoin advocate Robert Kiyosaki Support

Amidst the political developments, Robert Kiyosaki, a Bitcoin advocate and supporter of Donald Trump, has become more vocal on social media. His comments about Joe Biden’s recent Covid-19 diagnosis on X (previously Twitter) hinted at speculation among some members of Biden’s party that this could be an opportunity for him to step down from the presidential race.

According to Kiyosaki, having Michelle Obama and Kamala Harris run as the Democratic ticket against Trump and J. D. Vance could set up an intriguing contrast – that of two black women competing against two white men in another politically charged election.

It appears that President Biden has tested positive for COVID-19. Some speculate that those in power may use this as an opportunity to consider a replacement for him. Personally, I think the most intriguing matchup for the upcoming election would be Michelle Obama and Kamala Harris going head-to-head with Trump and Vance – two black women versus two white men. Let’s see how things unfold in this political spectacle.

— Robert Kiyosaki (@theRealKiyosaki) July 18, 2024

On Polymarket, there’s been a significant change in the odds: Vice President Kamala Harris now has a 63% chance of being the Democratic nominee, up from just 15% the day prior. This surge suggests an increasing number of traders are wagering on Harris as the likely nominee if Biden were to exit the race.

The chance that former President Donald Trump will win the election has slipped to 65% from a peak of 70%. This decline occurred after an assassination attempt on Trump over the weekend, which he fortunately survived. Against this background, Trump has vowed to attend the upcoming Bitcoin conference, further solidifying his pro-cryptocurrency stance.

Lido DAO Price 20% Rally Holds As Staking TVL Rises Reaching $34B

Read More

2024-07-18 21:06