2024 Presidential Election Odds: Where the Money's At
Betting on the GOP Nominee
As the 2024 presidential election draws near, political betting markets are heating up. According to the latest odds from Polymarket, former President Donald Trump is the clear favorite to win the Republican nomination.
Trump Leads the Pack
Trump currently has a 60% chance of winning the GOP nomination, according to Polymarket. This is a significant lead over his closest rivals, Florida Governor Ron DeSantis (25%) and former Vice President Mike Pence (10%).
Trump's lead is due in part to his strong support among Republican voters. A recent poll by the Pew Research Center found that 54% of Republicans believe that Trump should be the party's nominee in 2024.
The Democratic Race
The Democratic race is much more competitive than the GOP race. According to Polymarket, California Governor Gavin Newsom is the current favorite, with a 25% chance of winning the nomination.
Newsom's Lead
Newsom's lead is due in part to his strong support among Democratic voters. A recent poll by the Public Policy Institute of California found that 52% of Democrats believe that Newsom should be the party's nominee in 2024.
Other Contenders
Other Democratic contenders include former Vice President Joe Biden (20%), Senator Bernie Sanders (15%), and Senator Elizabeth Warren (10%).
Conclusion
The 2024 presidential election is shaping up to be a close contest. While Trump is the current favorite to win the GOP nomination, the Democratic race is much more competitive. It is still too early to say who will ultimately win, but the betting markets are providing some valuable insights into the race.
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