1 minute As the preparations for their rematch intensify, the odds on Betfair have shown significant movements, suggesting one of the closest elections in history could be on the horizon.
In the Betfair Exchange betting markets, Joe Biden and Donald Trump are currently seen as nearly equal contenders for the upcoming U.S. presidential election, reflecting an intensely competitive race.
This scenario comes four years after Biden's victory over Trump, with both now vying for another term in the White House.
Trump, who served from 2016 to 2020, and Biden, in the last year of his first term, present a rare election dynamic.
As the preparations for their "rematch" intensify, the odds on Betfair and other UK betting sites have shown significant movements, suggesting one of the closest elections in history could be on the horizon. Trump, who was a steady favourite in recent months and even reached odds-on status, has seen his odds lengthen slightly to 2.32 due to wavering confidence among bettors.
Conversely, Biden, with odds at 2.4, has gained momentum and seen his odds shorten, underscoring a growing belief in his potential reelection despite concerns about his age and calls from within his party for fresh leadership.
With both candidates set to engage in what promises to be a fiercely contested campaign at a pivotal moment for America, the stakes are high and the betting markets reflect just how tight this race could be.