Goldman: Democrats odds of winning edge higher after Biden exits race
President Joe Biden has withdrawn from the 2024 presidential race, endorsing Vice President Kamala Harris, with the news slightly boosting the Democrats’ chances of winning the election.
Biden previously secured nearly all the delegates in the primaries, but these delegates are not legally bound to support Harris despite Biden's “full support and endorsement.” An open convention remains a possibility, as additional candidates could enter the race given that the threshold to qualify to be considered for the nomination is low. More concretely, only 300 delegate votes out of approximately 4,700 are required to be considered for the nomination, Goldman economists explained.
“This small move likely reflects the fact that Harris trails Trump by a similar margin as Biden in the average of recent polls,” economists noted. Regarding the potential Democratic vice presidential nominee, prediction markets currently favor governors Josh Shapiro , Roy Cooper , Andy Beshear , and Senator Mark Kelly .
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