Betting markets see Trump losing as battlegrounds shift toward Biden
Predictive markets overwhelmingly favor Democrat Joe Biden to emerge victorious in Tuesdays general election, even as President Donald Trump narrows the polling gap in key competitive states, with his chances bolstered by diehard investors.
During a volatile race in which oddsmakers have plowed over $1 billion into speculating on the eventual winner of the Oval Office, betting markets continue to give the former vice president the inside track, while Trumps chances of being reelected appear less probable.
Smarkets investors give Biden a nearly 2-in-3 chance (65%) to be inaugurated, while a Real Clear Politics average shows similar odds, reflecting the former VPs formidable lead in public opinion polls.
Yet Trump is far from out of the race, as Smarkets found twice as many bets backing the incumbent than his challenger, and many investors are prepared for a contested result.
https://finance.yahoo.com/news/elections-2020-betting-markets-show-trump-poised-to-lose-as-battlegrounds-shift-to-biden-183159170.html