Donald Trump vs Kamala Harris: What do the markets say?

Fox News contributor Byron York joins “The Big Money Show” to talk about Vice President Harris touting his record since President Biden dropped out of the 2024 presidential race.

President Biden’s decision on Sunday to withdraw from the presidential race and the fact that Vice President Harris has obtained the necessary title to become the presumptive nominee of the Democratic Party have not caused a radical change in the view of betting markets on the confrontation with the Republican candidate, former President Trump.

Biden’s decision on Sunday to withdraw from the race came after intense pressure from Democratic politicians concerned about his waning support, amid concerns about his aptitude and intellectual acuity, following his poor debate performance against Trump on the 27th. June.

Biden’s chances of winning a second term have fallen from about 45% on PredictIt on the eve of the debate to 15% on Saturday, the day before he made the decision to retire. Bettors on Polymarket have reduced their chances from around 34% to 7% this period.

On Wednesday night, Polymarket investors gave Trump a 63% chance of winning, while Vice President Harris had a 32% chance, with Trump’s chances virtually unchanged from Sunday’s move. On PredictIt, Trump’s chances fell slightly from 60% on Sunday to 57% on Wednesday, and Harris’s chances fell from 40% to 45% in that period.

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Betting markets have seen a dramatic increase in odds, with former President Trump leading the presumptive Democratic nominee, Vice President Harris. (Getty Images)

Bettors flocked to prediction market sites in the weeks following Biden’s debate, amid volatility in the presidential race.

“There have been near-record exchanges on PredictIt over the past few days, and that continued with Biden’s announcement on Sunday,” PredictIt director of public relations Lindsey Singer told FOX Business on Wednesday.

Singer noted that adding a deal for the new Democratic vice presidential nominee to the PredictIt platform has also proven “very popular” with investors since the withdrawal of Biden and Harris, the party’s presumptive nominee.

Harris crusade breaks fundraising records in Trump race since Biden withdraws

President Biden endorsed Vice President Harris after announcing his retirement, and Harris temporarily gained enough to become the presumptive nominee. (Hannah Beier/Bloomberg via Getty Images)

Sen. Mark Kelly, D-Ariz. , leads the vice presidential market Wednesday with 35% in the eyes of bettors. That amounts to a modest lead over the second-place candidate, Pennsylvania Gov. Josh Shapiro, who has 31%.

These two have notable merit over two Democratic governors who have been possible vice presidential candidates. North Carolina Gov. Roy Cooper had a 15% chance, while Kentucky Gov. Andy Beshear had a 12% chance as of Wednesday.

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Transportation Secretary Pete Buttigieg has been pitched as a possible vice presidential nominee for presumptive Democratic nominee Vice President Harris. (Michael Reynolds/EPA/Bloomberg Getty Images)

Other conceivable vice presidential candidates for PredictIt bettors include Transportation Secretary Pete Buttigieg at 9% and Minnesota Gov. Tim Walz at 8%.

Buttigieg gave the impression on FOX Business Network’s “Cavuto: Coast to Coast” on Wednesday, with host Neil Cavuto asking Buttigieg, “Could the Department of Transportation lose it if it joined a Kamala Harris ticket?”

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“I appreciate the creativity with which you tried to engage with me, but I just can’t talk about campaigns and elections here,” Buttigieg responded. “What I will say is, when it comes to government, I am proud of the work of the branch and I am proud to work under the leadership of the president and vice president. ”

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