Reported 12 months ago
Following a report by The New York Times suggesting President Joe Biden is reconsidering his participation in the 2024 race, traders on Polymarket raised the odds of Biden dropping out to almost 80%, up from 55%. This surge in probability caps off a tumultuous week in Polymarket's market for 'Biden drops out of presidential race?' which has seen around $10 million in bets. Speculation on Biden's chances against Donald Trump in the 2024 election has been fueled by doubts about his performance, with one ally mentioning a need for improvement for Biden to maintain his position. A White House spokesperson has since refuted the claims made by The New York Times.
Source: YAHOO