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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBetting markets swing in favor of Gov. Gavin Newsom as California recall effort enters home stretch
The campaign to recall California Gov. Gavin Newsom lost so much momentum in the past month that bettors now say theres over an 85% chance that the effort fails.
According to political betting website PredictIt, the Democrats odds of staying in office after the recall election on Sept. 14, reached their highest mark last week since early July.
On Thursday, a bet on a successful recall (meaning a wager that Newsom would be ousted) cost 10 cents on PredictIt, down from 26 cents a week earlier and a high of 34 cents in early August. As of Sunday, they price had risen slightly to 14 cents.
Correct bets on PredictIt redeem at $1, so a wager at 10 cents would earn 90 cents should the recall prevail. The price of a bet in favor of a recall hasnt closed below 10 cents since May 20, according to PredictIt. The low of the campaign was 8 cents, a few days earlier in May.
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https://www.cnbc.com/2021/09/06/california-recall-betting-markets-swing-in-favor-of-gavin-newsom.html
Demsrule86
(68,352 posts)Lovie777
(11,992 posts)screaming voter fraud. I'm so sick and tire of them.
JohnSJ
(91,965 posts)Democrats vote, we win