Donald Trump is now the top contender for the 2024 Republican presidential nomination with the withdrawal of Florida Gov. Ron DeSantis from the race. According to OddsChecker, Trump’s odds of securing the nomination have soared beyond 90% following DeSantis’ departure. DeSantis, who was initially seen as a strong contender, faced challenges in gaining support within the GOP primary, only securing 21.2% of the Iowa caucus vote and polling at a mere 7.5% in New Hampshire.
In a surprising move, DeSantis suspended his presidential campaign, citing the prevailing sentiment among Republican voters and his pledge to support the Republican nominee. Despite past disagreements with Trump, DeSantis endorsed the former president, further solidifying Trump’s position in the race. He also criticized Nikki Haley, the only other major candidate remaining in the primary race, calling her a “repackaged form of warmed-over corporatism.”
Trump’s recent victory in the Iowa caucus, where he secured 51% of the vote, has significantly boosted his odds of winning the Republican nomination. According to OddsChecker, Trump is now priced at evens (50% chance) to win the 2024 US election. The dominance displayed by Trump in the early contests, along with DeSantis’ endorsement, positions him as the overwhelming favorite over Nikki Haley, the only remaining challenger to Trump in the Republican primary.
The odds not only highlight Trump’s ascendancy within the Republican Party but also point to an increasing likelihood of a Trump-Biden rematch in the 2024 general election. Both Trump and Biden are currently priced at 45 cents on the PredictIt market, indicating a closely contested race.
The landscape of the 2024 presidential race is marked by skepticism and disbelief, with Republicans questioning Biden’s ability to secure the Democratic nomination and Democrats expressing concern over the potential impact of legal challenges on Trump’s candidacy. This sets the stage for a closely monitored and intriguing electoral contest, with the odds pointing to a compelling showdown between Trump and Biden.