Betting markets see Trump losing as battlegrounds shift toward Biden

[Yo_Mama_Been_Loggin]

Predictive markets overwhelmingly favor Democrat Joe Biden to emerge victorious in Tuesday’s 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 Trump’s 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 VP’s 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

[AleksS]

1. Trumpers will keep betting on him to win even AFTER he's lost!

It’s a good election to be a bookie for. You have a whole lotta people ready to make just a stupid stupid bet.

[David__77]

2. This strikes me as stupid.

4chan-type fascists are engaging the markets as a form of activism.