Betting markets favor DeSantis over Trump for 2024 Republican presidential nomination as Elon Musk voices support for Florida governor

Florida Governor Ron DeSantis has the edge over Donald Trump to win the 2024 Republican presidential nomination, according to the latest odds from the PredictIt betting market.

DeSantis has a 38% chance, ahead of 36% for Trump and 7% for Nikki Haley, the former US ambassador to the United Nations. Former Vice President Mike Pence is at 6%, Sen. Tim Scott of South Carolina gets 4% and other Republican politicians are at 3% or less.

Trump had the edge over DeSantis in March, April and May, as shown below in the chart from PredictIt.

The former president’s outlook fell slightly to 38% on June 8 following public hearings held by the House committee investigating the January 6, 2021 attack on the US Capitol. The hearings featured searing accusations against Trump, painting a portrait of him as at the center of a plot to nullify the 2020 election won by President Joe Biden.

DeSantis has the advantage over Trump for the 2024 GOP nomination, according to the latest odds from PredictIt.

To predict

Trump’s “mixed record in the primaries this spring is a sign that he is losing altitude,” Greg Valliere, chief U.S. policy strategist at AGF Investments, said in a recent note.

The former president “could be overshadowed by conservative Florida Governor Ron DeSantis as Republicans seek someone more palatable than Trump,” Valliere added.

Related: Trump suffers big defeats in Georgia GOP primaries

Also: Trump takes victory in South Carolina, as his candidate ousts the incumbent

Meanwhile, DeSantis’ odds have gone from 34% on June 8 to 38% and 27% at the end of March.

Granted, betting markets aren’t always right, PredictIt users, for example, got their Supreme Court nomination wrong a few years ago.

Billionaire entrepreneur Elon Musk, the world’s richest man, tweeted on Wednesday that he was inclined to support DeSantis in the race for the 2024 White House.

“I supported Yang last time, but DeSantis has a better chance of winning,” the Tesla TSLA said,
and CEO of SpaceX said on Twitterreferring to former Democratic presidential candidate Andrew Yang.

Musk, who has often been at odds with the Biden administration, has also tweeted that he voted Republican for the first timevoting for winning GOP House candidate Mayra Flores in Tuesday’s special primary election in Texas.

DeSantis appeared to make an effort to downplay and joke about Musk’s support following a development question on Wednesday.

“I’m focused on 2022, but with Elon Musk, I would say I salute the support of African Americans. What can I say? the governor said, referring to the fact that Musk was born and raised in South Africa .

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Post expires at 2:36pm on Sunday June 26th, 2022