Bookmakers have suspended betting on the 2020 presidential election following the news that President Donald Trump has COVID-19.
following the first presidential debate on Tuesday night, meaning bookmakers believed he had a higher chance of winning the election following his debate performance.
The Democratic candidate's implied probability of victory had risen from 55.60 percent to 58.34 percent. In contrast, Trump's had dropped from 45.50 percent to 42.10 percent. In one interesting development before betting was suspended, Australian bookmakers significantly shortened Vice PresidentPence's odds stood at 300 to 1 at the beginning of the day but narrowed to just 26 to 1 in the wake of the president's tweet announcing his positive COVID-19 diagnosis.
U.S. President Donald Trump and Democratic presidential nominee Joe Biden look out to the audience at end of the first presidential debate at the Health Education Campus of Case Western Reserve University on September 29, 2020 in Cleveland, Ohio. This is the first of three planned debates between the two candidates in the lead up to the election on November 3. Betting on the election has been suspended.
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