Free Trial

President Biden Firm Favourite To Take Democrat 2024 Presidential Nomination

US

Betting markets see President Joe Biden as the strong favourite to take the Democratic Party nomination for the 2024 Presidential election.

  • According to betting exchange Smarkets, Biden currently has an implied probability of 46.3% chance of taking the nomination. California Governor Gavin Newsom and Vice President Kamala Harris are effectively tied for second, with an implied probability of around 10.5%.
  • Biden's strong performance at this month's midterm elections has put him in pole position to take the nomination if he choses to run for a second term.
  • Biden has stated that he will make a decision on running for a second term after consultation with his family over the holiday period. He is expected to announce his decision in early January.
Chart 1: 2024 Democratic Party Presidential Nominee, % Implied Probability (Smarkets)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.