Free Trial

Presidential Election Tightens ​

US

The presidential election has tightened this week to the closest the race has been since February, according to data from Smarkets.

  • According to bettor Smarkets, former president Donald Trump remains the slight favourite with an implied probability of 46% of winning. Biden trails with an implied probability of 40%. On March 8, Trump held an advantage of more than 20% over Biden.
  • PredictIt and ElectionBettingOdds both show a similar tightening of the race, with the PredictIt market currently tied.
  • Biden's mini-surge in betting and prediction markets is likely due more positive polling, economic sentiment improving, Biden's State of the Union address kickstarting campaigning, and former Trump's financial concerns dragging on his campaign.

Figure: 2024 Presidential Election Winner

Source: Smarket

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.