Bettors are giving Pete Buttigieg the same 2020 primary odds as Bernie Sanders and Joe Biden
Pete Buttigieg is surging in the polls and the betting markets.
The South Bend, Indiana, mayor officially announced his 2020 presidential bid on Sunday, and an Emerson poll the next morning showed the once-longshot had surged to third place in the overflowing Democratic field. The top two competitors, Sen. Bernie Sanders (I-Vt.) followed by former Vice President Joe Biden, saw polling numbers that dwarfed Buttigieg's 9 percent. But when it came to betting predictions, PredictIt had Buttigieg on top by midday Monday.
On PredictIt, bettors confident that a certain candidate will win buy shares for the displayed "yes" price. Prices get higher as more people agree with a certain bet — in this case, when they started believing Buttigieg would win the primary. He was sitting at 17 cents a share just a week ago. The odds captured above shifted slightly by 5 p.m. EST, when Sanders regained his lead with 21-cent share. Biden and Buttigieg, though, were still tied at 20 cents.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Over on ElectionBettingOdds.com, Buttigieg is in a solid third place with bettors giving him a 15.7 percent chance of winning the primary. Sanders is on top with 21.5 percent, while Sen. Kamala Harris (D-Calif.) is right behind with 17.2 percent as of 5 p.m. EST. Biden, who still has yet to announce, is a few points below Buttigieg at 12.5 percent.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
How US veterans are helping locate Vietnam's mass graves
Under The Radar Former enemies are uniting to bring healing and closure to both sides
By Chas Newkey-Burden, The Week UK Published
-
6 hands-free items to make traveling easier
The Week Recommends These practical products will definitely come in handy
By Catherine Garcia, The Week US Published
-
'The scene runs as intended the vast majority of the time'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
'The scene runs as intended the vast majority of the time'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Giuliani held in contempt of court over forfeit assets
Speed Read He has failed to turn over $11 million in assets to two Georgia election workers he defamed after the 2020 election
By Peter Weber, The Week US Published
-
Biden resettles 11 more Guantánamo detainees
Speed Read In an effort to reduce the number of prisoners held in Guantánamo Bay, Biden transferred 11 Yemeni detainees to Oman
By Peter Weber, The Week US Published
-
Canada's Trudeau announces resignation
Speed Read Canadian Prime Minister Justin Trudeau is stepping down after nearly a decade in office
By Rafi Schwartz, The Week US Published
-
Biden signs boost to Social Security for public workers
Speed Read The president signed the Social Security Fairness Act into law, expanding retirement benefits for millions
By Peter Weber, The Week US Published
-
Chief justice warns against defying Supreme Court
Speed Read Supreme Court Chief Justice John Roberts noted that public officials keep threatening to ignore lawful court rulings
By Peter Weber, The Week US Published
-
New Orleans truck attack linked to ISIS kills 15
Speed Read A pickup truck drove into a crowd on New Year's Day in the French Quarter
By Peter Weber, The Week US Published
-
Is the US testing China's 'red lines' on Taiwan?
Today's Big Question And how will Trump change the U.S.-China relationship?
By Joel Mathis, The Week US Published