Dear Readers,
President Joe Biden has reaffirmed his intention to stay in the presidential race, emphasizing the importance of addressing public concerns. He acknowledged, "it's important that I allay fears," during his first press conference in months.
Shifting Odds in the Democratic Nominee Race
On the crypto-based prediction market platform Polymarket, Biden's odds of becoming the Democratic nominee have seen significant fluctuations. Following his press conference, traders gave him a 51% chance of securing the nomination, a notable increase from 33% earlier in the day. However, these odds have recently adjusted back to 45%.
In contrast, Vice President Kamala Harris experienced a dip in her chances, falling as low as 37% before rebounding to 42%.
General Election Odds
Regarding the general election, Polymarket traders currently give Biden a 13% chance of victory in November, compared to Harris' 15%. The likely Republican nominee, former President Donald Trump, remains the favorite, with a 61% chance of winning. "Yes" shares for Trump on Polymarket are trading at 61 cents, paying out $1 per share if he wins.
Press Conference Highlights
The reaction from Biden's team when he called Kamala "Vice President Trump"
During the press conference, Biden addressed several key issues, including foreign policy following a NATO summit. Despite some verbal slips, such as mistakenly referring to Harris as "Vice President Trump," 😂he spoke passionately about American children being killed by guns, raising his voice to emphasize his point.
Calls for Biden to Step Aside
Concerns about Biden's age and cognitive health have led to calls from prominent Democrats and donors, including actor George Clooney, for him to step aside. Despite these calls, Biden remains firm in his decision to stay in the race.
Despite concerns about his health, Biden remains committed to the race. Prediction markets like Polymarket show fluctuating odds and significant interest in the 2024 election's outcome. Only time will tell what the final result will be. Let’s see how it unfolds.
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