2024 Election Betting Odds: Biden The Favorite, Ramaswamy And Kennedy Jr Surge Up List, DeSantis Dramatically Drops To Fifth
Portfolio Pulse from Chris Katje
The 2024 presidential election betting odds show Joe Biden as the favorite, with Robert Kennedy Jr and Vivek Ramaswamy surging up the list, while Ron DeSantis has dropped to fifth. DraftKings Inc (NASDAQ:DKNG), a sportsbook company, is mentioned as it offers betting for residents of Canada and hopes to someday offer political betting in the U.S. The company's CEO, Jason Robins, stated that they would work with regulators to get election betting approved for states that offer legalized betting.
August 04, 2023 | 2:50 pm
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DraftKings is mentioned in the context of offering betting on the 2024 presidential election. The company's CEO expressed hope to get election betting approved in the U.S.
The news mentions DraftKings in the context of offering betting on the 2024 presidential election. While this could potentially increase the company's customer base and revenues, it is still uncertain whether they will get the necessary regulatory approval. Therefore, the short-term impact on the stock is neutral.
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