Business
A Potential Twist in 2024 Race: Biden’s Future Uncertain
The 2024 presidential race takes a surprising turn as uncertainty looms over President Biden’s future. Explore the potential twist unfolding in the political landscape.
A recent revelation in The New York Times has sparked a flurry of activity in the prediction markets, particularly on Polymarket. Traders have significantly increased the odds of President Joe Biden withdrawing from the 2024 presidential race, with the likelihood of his exit soaring to nearly 80% on Wednesday, up from 55% just a short while ago.
This sudden surge in predictions comes after a week of intense speculation surrounding Biden’s performance in the wake of a debate with Donald Trump. Prior to the debate, the odds of Biden dropping out were a mere 20%. However, recent events seem to have shifted the sentiment dramatically.
Many political analysts have cast doubt on Biden’s chances against Trump in the upcoming election, especially following a lackluster debate showing that highlighted concerns about his age. The New York Times now reports that Biden himself acknowledges the need to swiftly improve his standing, with an unnamed ally quoted as saying, “He knows if he has two more events like that, we’re in a different place.”
Amidst all this speculation, a White House spokesperson moved to dispel the rumors, stating that the New York Times story is false.
UPDATE (July 3, 2024, 15:30 UTC):
Adds White House spokesperson saying The New York Times story is false.