Ron DeSantis continues to look like a long shot in presidential betting markets, hitting a new low in gamblers’ estimations of the 2024 landscape.
According to the Election Betting Odds website, which uses odds from Betfair, Smarkets, PredictIt and Polymarket, the Governor is now in sixth place, with a 4.8% chance of victory.
DeSantis is staring up at non-candidate Gavin Newsom, who has a 5% chance of victory. The Governors of Florida and California are expected to debate this fall on Fox News in an event hosted by Sean Hannity.
The Florida Governor is also behind entrepreneur Vivek G. Ramaswamy, whose pitch to potential donors includes an assurance that he is “on track to eclipse” DeSantis. Ramaswamy is given a 5.3% chance of victory by bettors across these markets.
Also ahead of DeSantis is Robert Kennedy, Jr. The Governor recently walked back a suggestion that the iconoclastic vax-skeptic Democrat could play a meaningful leadership role at the Centers for Disease Control and Prevention or the Food and Drug Administration, saying that what he meant was that Kennedy could be part of a bipartisan “task force” to spur reforms. Kennedy, given a 5.5% chance of winning, is seen as more likely to be President than DeSantis however.
Unsurprisingly, the odds-on favorites are the most recent former President and the incumbent in the White House. Joe Biden leads all names, with a 35.5% chance of victory. Donald Trump is given a 28.5% chance of winning.
DeSantis is currently in third place in the race for the Republican nomination, with Ramaswamy at 9.6% and the Governor at 9.5%. Trump is at 70.3%, meanwhile.
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