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Biden’s Chances of Resigning Rise to Nearly 80% on Polymarket Following the New York Times Report

Following a story in the New York Times about President Joe Biden considering his options in the 2024 election, traders on Polymarket increased the likelihood that the Democrat will withdraw from the race by over 80% on Wednesday.

admin by admin
July 3, 2024
in Politics
0
Biden’s Chances of Resigning Rise to Nearly 80% on Polymarket Following the New York Times Report

Compared to previously, that was 55%. The insane surge, which has attracted bets totaling close to $10 million, ends a week of chaos in Polymarket’s “Biden drops out of presidential race?” market. The identical topic had a 20% probability before Donald Trump’s debate last week.

Many pundits in Washington have downplayed Biden’s chances of beating Trump in the 2024 election after a poor debate showing that highlighted his advanced age. However, as of right now, The New York Times is claiming that Biden believes his chances of winning are dwindling.

According to an unidentified ally cited by the New York Times, “He knows if he has two more events like that, we’re in a different place” with Biden.

An official from the White House said on X that the New York Times report is untrue.

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