Donald Trump’s chances of winning the 2024 election have shrunk since President Joe Biden announced he would end his re-election campaign, according to bookmakers.
On July 18, several bookmakers based in the United Kingdom and Ireland gave Trump a 71% chance of winning the November race, as Biden struggled to finish his reelection bid following the president’s poor showing on CNN in June, according to Oddschecker.
Biden announced Sunday that it would be in “the interest of my party and the country” not to be re-elected and allow a new Democratic nominee to face Trump in November. Biden then endorsed Vice President Kamala Harris for the Democratic Party’s presidential nomination. .
On Monday, several bookmakers recommend that Trump’s chances of winning the 2024 election have fallen to 66%, while others claim they have only decreased, to 69%.
Oddschecker spokesman Leon Blackman claimed that Trump in 2024 has noticed a “marginal decline” since Biden dropped out of the race.
“However, we saw a larger reduction in the total number of bets on Trump on our site, as his total bets dropped from 62. 7% to 44. 6% following Biden’s announcement,” Blackman told Newsweek.
By comparison, Harris, who is now the clear favorite to win her party’s nomination in 2024 following Biden’s endorsement, would have a 33% chance of winning the election. However, those chances could increase if it becomes clearer that she will be the opposite candidate to Trump in November.
Harris showed that she will seek the Democratic Party’s presidential nomination once Biden’s crusade is over.
“I will do everything in my power to unite the Democratic Party — and unite our country — to defeat Donald Trump and his excessive Project 2025 agenda,” Harris said.
Even before his faltering performance in the June 27 debate, Biden, 81, had long known whether he had the physical and cognitive capacity to seek a second term.
As Biden wraps up his 2024 campaign, Trump, 78, is now the oldest presidential candidate in United States history. If Harris appears as the Democratic nominee in 2024, she will be 60 years old until the November election, 18 years younger. than his possible Republican rival.
Trump is running for a second term in the White House after becoming the first president in history to be convicted of a crime after being found guilty of 34 counts of falsifying business records following his secret trial.
In an article in Truth Social, Trump said the election is “not over,” while mocking Biden’s cognitive abilities.
“Tomorrow, corrupt Joe Biden will wake up and today he dropped out of the race,” Trump said.
Trump’s office reached out to Newsweek for further comment via email.
Several senior Democrats considered potential replacements for Biden, including Gov. Gavin Newsom of California and Gov. Josh Shapiro of Pennsylvania, as well as Transportation Secretary Pete Buttigieg, have endorsed Harris following Biden’s withdrawal from the 2024 race.
There has also been an increase in public donations to Democrats since Biden announced he would end his crusade after weeks of pressure.
Update, 07/22/2024 at 6:47 a. m. ET: This article has been updated with comment from Oddschecker spokesperson Leon Blackman.
Ewan Palmer is a Newsweek News reporter based in London, United Kingdom. It focuses on American politics, domestic politics, and the courts. He joined Newsweek in February 2018 after spending several years working at the International Business Times UK, where he reported primarily on crime, politics, and existing affairs. Prior to that, he worked as a freelancer after graduating from the University of Sunderland in 2010. Languages: English.
You can contact Ewan by emailing e. palmer@newsweek. com.
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