By ELLEN MORRISSEY
BALLOTPEDIA VIA THE CENTER SQUARE
As of Jan. 23, 2023, PredictIt’s 2024 presidential market shows Florida Gov. Ron DeSantis (R) leading at $0.31, followed by President Joe Biden (D) at $0.29, former President Donald Trump (R) at $0.21, and California Governor Gavin Newsom (D) at $0.12. No other candidate has more than a $0.10 share price.
The share price, which rises and falls based on market demand, roughly corresponds to the market’s estimate of the probability of an event taking place.
Mr. Trump is the only candidate of this group to have officially announced his presidential campaign.
The Democratic presidential primary market shows President Biden leading the pack at $0.52. Two other candidates have a share price at or above $0.10: California Governor Gavin Newsom (D) is at $0.20, and Vice President Kamala Harris (D) is at $0.11.
Gov. DeSantis currently leads in the Republican presidential primary market at $0.38, followed by Mr. Trump at $0.32. No other candidate has a share price at or above $0.10.
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 Feb. 15.