Vice President and presumptive Democratic presidential nominee Kamala Harris is set to announce her running mate soon. Betting markets have crowned a clear favorite, but a wild card might still pop up.
Just a week ago, Arizona Gov. Mark Kelly was seen as the top pick for VP on prediction sites tracked by FOX Business. However, he has been dethroned.
Pennsylvania Gov. Josh Shapiro now leads. BetUS gives him an 80% chance, PredictIt sees him at 72%, and Polymarket traders favor him at 69%.
“Josh Shapiro is now the clear and undisputed favorite,” BetUS director Tim Williams told FOX Business. “Shapiro is about as close to a sure thing as we ever see in betting markets.”
Last week, Shapiro was favored among bettors at BetUS. Kelly was the favorite among odds-makers.
“Assuming Shapiro clinches the VP nomination, the moral is to trust the betting public first and odds-makers second,” Williams said. “People really do put their money where their mouth is.”
Kelly’s odds have dropped on all three sites. He’s now in fourth place on PredictIt with a 9% chance and on Polymarket at 6%.
Kentucky Gov. Andy Beshear is second on BetUS with a 23% chance. Minnesota Gov. Tim Walz is second on PredictIt and Polymarket, with odds of 17% and 13%, respectively.
Shapiro’s stock has surged since the Harris campaign announced a tour of battleground states next week. It starts with a rally in Pennsylvania, Shapiro’s state, on Tuesday.
The Harris campaign remains silent on whether a selection has been made. Until the official announcement, traders will keep placing their bets.
“Gov. Josh Shapiro is having a good week in the PredictIt markets,” PredictIt public relations director Lindsey Singer told FOX Business. “But Harris’ campaign advises not to read too much into the rally location early next week. There could be significant trading opportunities for other candidates over the weekend.”