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Betting markets favor Biden over Trump, but odds narrow in U.S. race

Posted on AllSides August 7th, 2020
From The Center
elections, Presidential elections, 2020 Election, Donald Trump, polls

Betting markets favor Democratic presidential candidate Joe Biden over Republican President Donald Trump in November’s U.S. election, though the odds between them have narrowed during the last week, two betting market aggregators said.

British betting and gambling company Ladbrokes Coral Group gives Biden a 61% win-chance and Trump 36%, while New Zealand-based prediction market PredictIt has Biden leading Trump by 59 cents-to-43 cents.

“Biden broke out in the lead on June 1, largely in response to the (coronavirus) pandemic and has maintained that since, but in the last week the...

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