Donald Trump becomes betting favourite to win 2024 US presidential election

Donald Trump has edged out Joe Biden to become the betting favourite to win 2024 US presidential election among some agencies.

Donald Trump has become the betting favourite to win the 2024 US presidential election over Joe Biden for the first time since he left office.

The former president is the favourite at a number of London-based betting agencies including Smarkets and Ladbrokes, the Las Vegas Review-Journal reported.

Mr Trump’s odds have risen from as low as 3 per cent, to now reach 20 per cent at Smarkets, edging him ahead of President Biden, who has a 19 per cent chance and Vice President Kamala Harris on 13 per cent.

“It’s a pretty staggering development to find a defeated one-term president taking over as favourite from the incumbent who beat him, but we know by now that Donald Trump is no ordinary politician,” Smarkets head of political markets Matthew Shaddick told the Las Vegas Review-Journal.

“It’s early days, but the latest market signals suggest there is every chance we could be heading for a Biden vs. Trump rematch in 2024 with Trump currently having a very slight edge, according to the betting.”

Donald Trump (right) has edged out Joe Biden to become the favourite to win the next presidential election at some London-based betting agencies. Picture: Angela Weiss and Mandel Ngan/AFP

Mr Trump is also the favourite to become the next Republican nominee with a 45 per cent chance.

“Trump’s odds have been improving all year and in particular since Biden’s poll ratings began declining this summer,” Mr Shaddick said.

However, Mr Biden remains the favourite to win at London’s Betfair sportsbook.

One of the world’s top pollsters Frank Luntz, who has advised multiple Republican presidents, also thinks it’s unlikely Mr Trump will become president again.

In an exclusive interview with The Sydney Morning Herald and The Age, Mr Luntz said “he will not win”.

“If Trump runs again he will be nominated by the Republicans, but he will never be elected president because there are too many people who hate him,” he said.

“Trump is the most popular Republican by far, but he can’t win a general election because in the end politics is about persona as much as it is about policy, and his persona is unacceptable to too many people.”

Could he win again? Picture: Scott Olson/Getty Images

It comes as politicians investigating the deadly assault on the US Capitol said Thursday they were pursuing criminal contempt charges for a key ally of Mr Trump for refusing to testify.

Former White House adviser Steve Bannon had already made clear he had no intention of complying with a subpoena to appear Thursday before the cross-party January 6 congressional select committee.

The right wing strategist told the panel he would withhold testimony and documents until Trump’s claim of “executive privilege,” which allows presidents to keep certain conversations with aides secret, had been resolved.

The committee will now vote on adopting a contempt report, if Mr Bannon is charged and convicted, he would face up to 12 months in prison, but more likely a fine.

Thousands of Trump’s supporters, many associated with ultranationalist and white supremacist groups, stormed the Capitol eight months ago in an effort to overturn President Joe Biden’s election victory.

They had been egged on by Mr Trump, whose fiery speech earlier that day falsely claiming election fraud was the culmination of months of baseless claims about a contest he lost fairly to Mr Biden.

– with AFP

Originally published as Donald Trump becomes betting favourite to win 2024 US presidential election