First Presidential Debate: Biden the winner on Betfair Exchange
"The debate was chaotic, with Trump repeatedly talking over his opponent, but subsequent market moves on the Exchange indicate that most bettors thought the challenger came out on top..."
Joe Biden was the clear winner of the first debate on Betfair as his election odds shortened and Donald Trump drifted, reports Max Liu...
Joe Biden has a 60% chance of winning the US presidential election following last night's first debate, according to the Betfair Exchange. Biden has been backed into 1.664/6 by bettors while Donald Trump has drifted to 2.568/5. Before the debate, Biden was a 56% chance on Betfair with Trump at 43%.
The debate itself was chaotic, with Trump repeatedly talking over his opponent, but subsequent market moves on the Exchange indicate that most bettors thought the challenger came out on top. CNN's snap poll said 60% thought Biden was the winner, while only 28% gave victory to Trump.
For instant reaction to the first debate, listen to Paul Krishnamurty and Kieran O'Connor on our bite-size Politics... Only Bettor podcast as they discuss who won, how much was traded on the night and where we go from here.
The debate, which was one most fractious in their 60-year history, touched on Trump's handling of the coronavirus, his tax returns and the supreme court. Biden called Trump a racist, a liar and America's worst ever president.
Trump said he'd achieved more in the White House than Biden has achieved in 47 years in politics. The president refused to condemn white nationalist groups or to confirm that he would honour the election result if he loses.
Paul Krishnamurty was live Tweeting the debate and you can catch-up with the thread here
#PresidentialDebate Live Thread
? Betfair Exchange (@BetfairExchange) September 29, 2020
Going into the biggest night of the election so far, Joe Biden is marginal favourite, but history shows the odds are likely to move in response to this debate.
Follow this thread for live coverage, analysis and market updates. pic.twitter.com/G8lO3AOBdf
Trump, who's trailing in national polls and in swing state polls, will be keen to put in a better performance in the second debate which takes place on 15 October.
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