Donald Trump vs. Kamala Harris: What are the markets saying?

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 title necessary to become the presumptive nominee of the Democratic Party have not caused a radical change in the betting markets’ view 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 who were concerned about his waning support, amid concerns about his aptitude and intellectual acuity following his poor performance in the debate against Trump on June 27.

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

As of Wednesday afternoon, 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 development. On PredictIt, Trump’s odds fell slightly, from 60% on Sunday to 57% on Wednesday, and Harris’s odds rose from 40% to 45% in that period.

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Betting markets have seen a dramatic shift in odds, with former President Trump leading 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 market for the new Democratic vice presidential nominee on the PredictIt platform has also proved “very popular” with investors since Biden withdrew and Harris is the party’s presumptive nominee.

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President Biden endorsed Vice President Harris after announcing his retirement, and Harris temporarily won 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 bettors’ eyes. That amounts to a modest lead over the second-place candidate, Pennsylvania Gov. Josh Shapiro, who has 31%. Training

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 Wednesday on FOX Business Network’s “Cavuto: Coast to Coast,” with host Neil Cavuto asking Buttigieg, “Could the Department of Transportation lose him if he 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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