Biden’s Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report

A
New
York
Times
report
that
President
Joe
Biden
is
weighing
his
future
in
the
2024
race
prompted
traders
on
Polymarket
to
boost
the
odds
the
Democrat
will
drop
out
nearly
80%
on
Wednesday.

That’s
up
from
55%
earlier.
The
wild
upswing
caps
a
week
of
mayhem
in
Polymarket’s
“Biden
drops
out
of
presidential
race?”
market,
which
has
garnered
nearly
$10
million
in
bets.
Before
last
week’s
debate
with
Donald
Trump,
the
same
question
gave
20%
odds.

Plenty
of
Washington
talking
heads
have
talked
down
Biden’s
ability
to
prevail
in
the
2024
election
against
Trump
after
a
faltering
debate
performance
put
a
spotlight
on
his
age.
But
The
New
York
Times
is
now
reporting
that
Biden
thinks
he
has
a
short
and
slimming
window
to
salvage
his
prospects.

“He
knows
if
he
has
two
more
events
like
that,
we’re
in
a
different
place,”
the
New
York
Times

quoted
an
unnamed
ally
as
saying
about
Biden.

A
White
House
spokesperson

said
on
X
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.