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New Betting Odds Have Harris Ahead of Biden to Be Dem Nominee

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Well, that didn’t take long.
Even yesterday, the smart money was betting that Joe Biden would be the presidential nominee.
No longer.
As Ed wrote earlier today, The New York Times has published a story that Joe Biden has, for the first time, conceded that he may not be the best candidate to take on Donald Trump. This story has been vociferously denied by the White House, raising questions about its credibility.
I have my doubts that Biden actually said that, at least so directly. There are so many machinations and Democrats are so committed to using hoaxes to get their way that it is equally likely that somebody who wants Biden out leaked this.
Washington always works that way, and Democrats are such liars that it comes naturally to them. It makes a great story, could be true, but it smells a bit off. I will believe it when I see it.
Still, you can’t ignore–and you shouldn’t take as gospel–the betting odds. People are putting their money where their mouth is, in this case literally, which tends to make the prediction markets a bit more reliable than polls.
Answering a pollster with wishcasting costs you nothing. Placing a bet hits you in the wallet.
Ed makes a great point:
The White House called this report “absolutely false”, but apparently the same ally told CNN the same thing.

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