In the wake of Ron DeSantis earning the endorsement of Iowa’s Governor in his presidential campaign, there appears to be new momentum for him with bettors.
According to the Election Betting Odds aggregation site, which considers the Betfair, Smarkets, PredictIt and Polymarket platforms, the Florida Governor is now in second place among all investment options for GOP Primary campaigns.
DeSantis has a 9.1% chance of winning the nomination at this writing Tuesday morning, with a slender 0.2-percentage-point lead over former South Carolina Gov. Nikki Haley.
Former President Donald Trump is still the prohibitive favorite, with a 75.5% chance of becoming the Republican nominee in a third straight election cycle.
The race seems to have coalesced around Trump, DeSantis and Haley.
Entrepreneur Vivek Ramaswamy has just a 2.1% chance of winning, and no other name on the Republican side even has a 1% shot.
Though DeSantis has nudged ahead of Haley in the race for second place among those investing or betting in presidential prediction markets, that momentum hasn’t translated to the General Election for gamblers.
DeSantis is still a long shot, accorded a 3.7% chance of winning the White House.
That puts him above notable names including Robert F. Kennedy Jr. (3.5%), former First Lady Michelle Obama (3.4%) and Vice President Kamala Harris (2.1%). But he trails four others in the General Election space.
Haley, with a 5.2% chance of winning, is the second strongest Republican in that space. Former President Trump, at 35.5%, leads the field overall.
Two Democrats, one of whom is not an active candidate, lead both DeSantis and Haley, meanwhile.
California Gov. Gavin Newsom continues to excite investors, and is accorded a 10.5% chance of winning.
President Joe Biden, who has faced speculation and suggestions that he shouldn’t run for re-election from various parts of the Democratic coalition, has a 30.5% chance of winning another four years at this writing.