President Joe Biden (D) holds narrow lead in PredictIt’s 2024 presidential market

As of January 3, 2023, PredictIt’s 2024 presidential market shows incumbent Joe Biden (D) holding a narrow lead at $0.33, followed by Florida Governor Ron DeSantis (R) at $0.32, and former President Donald Trump (R) at $0.16. No other candidate has more than a $0.10 share price. 

Trump is the only candidate of this group to have officially announced his presidential campaign.

The Democratic presidential primary market shows Biden leading the pack at $0.61. The only other candidates to have more than a $0.10 share price are California Governor Gavin Newsom (D) at $0.12 and Vice President Kamala Harris (D) at $0.11.

DeSantis currently leads in the Republican presidential primary market at $0.44, followed by Trump at $0.26. No other candidate has more than a $0.10 share price. 

PredictIt is an online political futures market in which users purchase shares relating to the outcome of political events using real money. Each event, such as an election, has a number of contracts associated with it, each correlating to a different outcome. Services such as PredictIt can be used to gain insight into the outcome of elections. Due to action from the Commodity Futures Trading Commission, PredictIt may halt trading on February 15, 2023.