Former US President Donald Trump has emerged as the clear front-runner for the 2024 Republican presidential nomination following the withdrawal of Florida Gov. Ron DeSantis from the race.
DeSantis’ Withdrawal Reshapes GOP Landscape, Boosting Trump’s Odds Beyond 90%
DeSantis’ departure has significantly boosted Trump’s odds, with the latest figures from OddsChecker indicating a more than 90% chance of him securing the nomination.
DeSantis, once considered a formidable contender, faced challenges in gaining support within the GOP primary, securing only 21.2% of the Iowa caucus vote. With the New Hampshire primary looming and polling showing a mere 7.5% support for DeSantis, the Florida governor made the unexpected decision to suspend his presidential campaign.
Recognizing the prevailing sentiment among Republican voters, DeSantis stated that he had signed a pledge to support the Republican nominee and affirmed his commitment to honoring that pledge. Despite past disagreements with Trump, he endorsed the former president, further consolidating Trump’s position in the race.
Additionally, DeSantis said that Nikki Haley, the only other major candidate remaining in the primary race, represents the “old Republican guard of yesteryear” and is a “repackaged form of warmed-over corporatism.”
Trump’s recent triumph in Iowa, where he garnered an impressive 51% vote share, has translated into a substantial boost in his odds. According to OddsChecker, Trump is now priced at evens (implying a 50% chance) to win the 2024 US election. Other platforms, such as 888sport, offer odds of 6/5 (45% chance) for Trump’s victory.
Trump’s Dominance in Early Contests Positions Him as the Clear Favorite Over Nikki Haley
As the Republican primary unfolds, Nikki Haley remains the sole challenger to Trump, with odds of 12/1. However, the dominance displayed by Trump in the early contests, coupled with the endorsement from DeSantis, positions him as the overwhelming favorite among political bettors and analysts.
The OddsChecker stats not only underscore Trump’s ascendancy within the Republican Party but also highlight the increasing likelihood of a Trump-Biden rematch in the 2024 general election. Both Trump and Biden are currently priced at 45 cents on the PredictIt market, signaling a neck-and-neck race.
The landscape of the 2024 presidential race is marked by skepticism and disbelief, with Republicans questioning Biden’s ability to secure the Democratic nomination and Democrats expressing concern over the potential impact of legal challenges on Trump’s candidacy.
The intricate dynamics set the stage for a closely monitored and intriguing electoral contest, with the odds pointing to a compelling showdown between Trump and Biden.