Donald Trump 2024 Odds Hold Steady Despite Another Federal Probe

Posted on: July 18, 2023, 09:54h. 

Last updated on: July 18, 2023, 11:29h.

Devin O'Connor @CasinoorgDevinO Read More
Expertise: Asia Pacific Gaming, Commercial Gaming, Legislation, Politics.

Former President Donald Trump said Tuesday he’s been notified by the U.S. Department of Justice (DOJ) of a federal probe. The investigation centers on his alleged efforts to overturn the results of the 2020 presidential election won by President Joe Biden.

Donald Trump 2024 odds Joe Biden presidential election
Former President Donald Trump stops at a restaurant in Miami’s Little Havana on June 13, 2023. Trump is expected to soon be indicted by a federal grand jury for a second time. (Image: Getty)

The DOJ inquiry is the latest federal investigation into the 45th president of the United States.

Trump was hit with a 37-count federal indictment last month for his alleged mishandling of classified documents that he took after being evicted from the White House to his Mar-a-Lago estate in Palm Beach. In March, Trump was indicted in New York on 34 felony charges of allegedly falsifying business records.

Despite the legal issues surrounding his 2024 presidential campaign — the billionaire and former casino tycoon’s fourth official presidential effort — Trump remains the betting front-runner to secure the Republican Party’s nomination to challenge Biden next year.

Odds Hold Steady

On the online political betting exchange PredictIt, Trump is still the heavy favorite to win the GOP’s presidential ticket for a third consecutive time.

PredictIt’s market asking, “Who will win the 2024 Republican presidential nomination?” has Trump’s shares at 60 cents.

Florida Gov. Ron DeSantis (R), once seen as the GOP favorite and the potential new leader of the Republican party, has run a lackluster 2024 campaign since announcing his bid via Twitter in May. DeSantis’ 2024 shares for the Republican ticket are at just 20 cents.

American entrepreneur Vivek Ramaswamy has the third-shortest GOP odds at 10 cents. Winning PredictIt shares are redeemed at $1 once the market is resolved.

Though he faces a myriad of federal charges, Trump says the allegations are meritless and represent just the latest in the Democrats’ ongoing “witch hunt.”

Deranged [DOJ Special Counsel] Jack Smith, the prosecutor with Joe Biden’s DOJ, sent a letter … stating that I am a target of the January 6th grand jury investigation and giving me a very short four days to report to the grand jury, which almost always means an arrest and indictment,” Trump wrote on his Truth Social platform.

“So now, Joe Biden’s Attorney General Merrick Garland, who I turned down for the United States Supreme Court (in retrospect, based on his corrupt and unethical actions, a very wise decision!), together with Joe Biden’s Department of Injustice, have effectively issued a third indictment and arrest of Joe Biden’s number one political opponent,” Trump added.

Biden 2024 Favorite

Trump went on to claim that he’s “dominating” Biden in the 2024 presidential race, a claim that’s not necessarily backed by recent polling and odds.

According to the recent polling average compiled by Real Clear Politics, Biden maintains a slim 0.4-point advantage over Trump. PredictIt bettors also believe the incumbent is the front-runner, with 475 days until the Nov. 5, 2024, Election Day.

Biden’s shares on the PredictIt market, “Who will win the 2024 US presidential election?” are trading at 44 cents to Trump’s shares at 37 cents. DeSantis is a distant third at 14 cents. California Gov. Gavin Newsom (D) and VP Kamala Harris round out the top five, with their shares respectively at 10 cents and four cents.