Biden’s odds of re-election plummet after dismal debate performance, betting markets show 

President Biden tanked his odds of serving a second time period within the White Home Thursday after his poor debate performance in opposition to former President Donald Trump, in accordance with information from political betting markets. 

The 81-year-old president’s possibilities of re-election plummeted 15 factors within the aftermath of the CNN debate, one betting web site, PredictIt.org, confirmed. 

The site, which permits customers to purchase inventory in a candidate’s possibilities of successful the November race, confirmed Biden at 48 cents per share – the equal of a 48% probability of victory – previous to the controversy and at solely 33 cents per share afterward.  

In the meantime, Trump’s inventory on PredictIt peaked at 61 cents per share within the early moments of the controversy earlier than settling at 58 cents after. The 78-year-old got here into the controversy with a 53% shot on the White Home, in accordance with the web site’s information. 

On one other betting web site – BetOnline.ag – Trump began the controversy as a -150 favourite and improved to -175 when the mud settled. 

Biden, who began the night time as a +130 underdog, noticed his odds fall to +300 (or 3/1) after the controversy, in accordance with BetOnline. 

The corporate famous that it additionally noticed quite a few wagers positioned all through the controversy on doable various Democratic candidates.  

Observe the newest on Trump and Biden’s 2024 debate:

“We simply stored taking bets time and again on Gavin Newsom and Michelle Obama,” BetOnline political oddsmaker Paul Krishnamurty mentioned in an announcement. 

California Gov. Gavin Newsom’s odds improved from 25/1 pre-debate to 7/1 post-debate and former first girl Michelle Obama’s odds jumped from 22/1 to 16/1, in accordance with BetOnline.

Newsom and Obama have each repeatedly claimed to have little interest in operating for the White Home this cycle.