Democratic presidential candidate Joe Biden has gained ground in betting markets over President Donald Trump following their first debate of the 2020 U.S. election campaign, two betting market aggregators said.
Bettors on British exchange Smarkets give Biden a 63% chance of winning the Nov. 3 election, up from 55% before the acrimonious debate. The Republican Trump’s chances remain unchanged at 43%.
“Biden is pitching himself in a very different way to Hillary Clinton, he’s emphasising his working-class, blue-collar credentials and emphasising the class aspect that it’s Scranton versus Park Avenue,” Betfair spokesperson Darren Hughes said on Wednesday in reference to Trump’s 2016 rival. On London-based Ladbrokes Coral Group, bettors gave a 30% chance of a repeat of 2016 when Trump lost the popular vote but won the state-by-state Electoral College vote that decides the winner.
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