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ALP, Coalition Level In Poll As ScoMo Narrows Gap In Betting Markets

AUSTRALIA

Latest opinion polling from Australia ahead of the 21 May federal election shows the centre-left Australian Labor Party (ALP) and PM Scott Morrison's centre-right Liberal-National coalition neck-and-neck on 35% of the first preference vote each. However, the ALP retains a sizeable lead in the two-party preferred vote.

  • Roy Morgan Poll: Vote Intention: Coalition: 35% (-0.5), ALP: 35%, Greens: 13% (+1), One Nation Party: 3% (-1.5), United Australia Party: 1% (-0.5). +/- vs. 18-24 April 2022. Fieldwork: 25 April-1 May 2022. Sample size: 1,487
  • Roy Morgan Poll: Two Party Preferred Vote: ALP : 55.5% (+1), Coalition: 44.5% (-1), +/- vs. 18-24 April 2022. Fieldwork: 25 April-1 May 2022. Sample size: 1,487
  • Betting markets show Labour ahead of the Coalition with political bettors. Data from Smarkets gives Labor a 52.6% implied probability of winning the most seats compared to 42.7% for the Coalition. This has narrowed notably since the start of April, though, when the split was 71.4% for the ALP to 26.3% for the Coalition.
  • While the ALP's Anthony Albanese remains favourite to become the next PM, polls have shown a tightening in recent days and with more than two weeks remaining in the campaign there is a notable opportunity for the Coalition to recover to win a fourth consecutive term.
  • The next major event comes on Sunday 8 May, with the second leaders' debate. Starts 2030AEST (0630ET, 1130BST, 1230CET, 1930JST).
Chart 1. Betting Market Implied Probability of Party Winning Most Seats, %

Source Smarkets

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