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By Adeola Adeosun
Weekend Night Editor
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On the eve of Vice President Kamala Harris' highly anticipated vice-presidential pick, two candidates have seen a significant boost in their odds, according to recent betting markets.
The sudden shift in probabilities has voters on high alert, signaling a potential narrowing of the field in a closely watched selection process.
Pennsylvania Governor Josh Shapiro and Minnesota Governor Tim Walz have emerged as the frontrunners in the latest odds released by online sportsbook BetOnline.ag.
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Shapiro, who was the clear favorite just 48 hours ago with 1/5 (-500) odds, now stands at -185, while Walz has made a surprising leap to +190, a stark improvement from his previous 16/1 odds.
Newsweek contacted the Harris campaign, along with Shapiro and Walz's press office via email on Sunday for comment.
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The dramatic change in betting odds comes as Harris' campaign enters the final hours before announcing her running mate for the 2024 presidential election. While betting markets are not definitive indicators of political outcomes, they often reflect insider information and public sentiment, making them a closely watched barometer in political circles.
Other notable contenders include Arizona Senator Mark Kelly, whose odds have improved to +900, and Kentucky Governor Andy Beshear at +1400. Both have been touted for their ability to win in traditionally Republican-leaning states, a quality that could prove valuable in a national campaign.
The surge in odds for Shapiro and Walz has overshadowed other potential candidates who were once considered strong contenders. Former presidential hopeful Pete Buttigieg now stands at +3500, while Michigan Governor Gretchen Whitmer's odds have lengthened to +15000.
These shifts in betting odds come on the heels of comments made by renowned election predictor Allan Lichtman, who recently identified Shapiro and Kelly as favorable choices for Harris. Lichtman, known for his accurate predictions in nine of the past ten presidential elections, emphasized the importance of selecting a running mate who could be trusted to assume the presidency if necessary.
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Lichtman's focus on Pennsylvania's importance in the electoral map aligns with Shapiro's strong position in the betting odds. Pennsylvania counts for 19 Electoral College votes and no Democratic candidate has won the election without the Keystone State since Harry Truman in 1948. Pennsylvania has voted Democrat in every election since 1992, save 2016, when Donald Trump beat former Secretary of State Hillary Clinton.
Separately, for the first time since launching her presidential campaign, Kamala Harris is predicted to win the 2024 election, according to the online prediction market PredictIt. The platform shows Harris as the favorite to win in November, with shares of a Harris victory being sold for 52 cents, while shares for a Donald Trump victory are being sold at 50 cents.
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However, other betting platforms show that Trump maintains a lead over Harris. On the Polymarket betting platform, Trump has 55 percent odds compared to Harris' 43 percent, though his lead has shrunk since President Joe Biden ended his reelection campaign.
Recent polls have shown Harris reducing Trump's lead compared to when Biden was on the ticket. A Morning Consult poll conducted after Biden ended his campaign showed the former president only 2 points ahead of Harris, a narrower margin than the 4-point lead he held over Biden in a previous survey.
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