Joe Biden has surged past President Donald Trump in online betting markets tied to the outcome of the 2020 presidential race as the country continues to grapple with a deepening financial crisis, spreading pandemic and historic protests over police brutality.
Spokespeople for both companies confirmed that trading volume has risen to levels unseen since March, when the U.S. began shutting down major portions of its economy to halt the spread of coronavirus.
Biden briefly led Trump in March, but Trump carried a stable lead throughout April and May, even as tens of millions of Americans lost their jobs, sending unemployment numbers skyrocketing past those reached in the wake of the 2008 financial crisis. A dramatic example of the tactic came on Monday, when police backed by the National Guard forcefully ousted peaceful protesters gathered at a park near the White House so that Trump could walk across the street to have his photograph taken with a Bible at St. John's Church.
Biden's stance during the crisis has also apparently boosted his standing in the money race. Supporters and bundlers for the candidate have reported a massive surge in contributions,"Nationwide protests in the wake of George Floyd's killing and Trump's response have seemingly had wide-reaching consequences for the 2020 election," Patrick Flynn, a political analyst at Smarkets, said in a statement.
Klobuchar has defended her record, and said that ultimately the decision about who will be on the ticket is Biden's.
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