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DeSantis Continues To Trail Trump Ahead Of Presidential Bid

US

Multiple news outlets have reported that Florida Governor Ron DeSantis (R-FL) will officially announce his candidacy for President next week.

  • Reuters: “DeSantis will likely file paperwork declaring his candidacy on May 25 to coincide with a donor meeting in Miami, with a more formal launch the week of May 29, according to a source.”
  • DeSantis has been laying the groundwork for a presidential bid for a number of months but has seen his early momentum following the 2022 midterm elections wane in the face of a resurgent campaign from former President Donald Trump.
  • WaPo: “DeSantis is also expected to hold an event launching his candidacy in Dunedin, Fla., his hometown... That event is expected to take place after Memorial Day...”
  • Betting markets currently see DeSantis in a distant second place to Trump with an implied probability of 25% of winning the Republican primary compared to nearly 70% for Trump.

Figure 1: 2024 Republican Primary Winner

Source: Smarkets

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