Two major oddsmakers have a new favorite to win the 2024 presidential election — former President Donald Trump.
Panama-based BetOnline is now offering 11-4 odds on Mr. Trump winning (meaning a winning $4 bet will get you $11, plus your money back), compared to 13-4 on a Biden victory.
Vice President Kamala Harris is the third-favorite, with odds of 5-1 followed by Republican Gov. Ron DeSantis at 10-1.
In the immediate aftermath of his 2020 defeat at Mr. Biden’s hands, BetOnline’s odds on a successful Trump return were 33-1.
But how Mr. Biden’s tenure has unfolded, plus Mr. Trump’s apparent willingness to try to become just the second U.S. president to serve nonconsecutive terms, has changed things in oddsmakers’ eyes.
“Biden‘s approval rating is falling, and it looks less likely than ever that he will be able to get his agenda through Congress,” BetOnline political oddsmaker Paul Krishnamurty, told Newsweek. “A defeat at the midterms (70% likely) would further tie his hands and likely make for a very uncomfortable couple of years after 2022. It’s hard to see his brand being as s