Elizabeth Warren, who currently serves as Senator for Massachusetts, has announced her intention to form an “exploratory committee” to examine the possibility of her running as a contender for the Democratic Party’s nomination for the 2020 US presidential campaign.
The news has been interpreted by commentators as a firm declaration from Warren that she is running for the White House, and that interpretation appears to be one that is shared by bookmakers as they cut their prices both of her being handed the Democratic ticket and of becoming the next US president.
Paddy Power has cut Warren’s odds of becoming the next POTUS from 20/1 to 16/1 on the back of her announcement, whilst Ladbrokes have revised their prices on the same market from a quote of 33/1 on Boxing day to 20/1 at the time of writing.
Trump Remains Favourite
At 2/1, Donald Trump still remains the strong favourite to continue occupying 1600 Pennsylvania Avenue after the 2020 POTUS elections, particularly as the Democratic Party continues to struggle to find a natural stand-out candidate with strong national appeal.
Texan Beto O’Rourke – who has not made any formal announcement as of yet regarding his presidential ambitions – remains favourite for the Democratic ticket at 4/1 but, unlike Warren, is seen by many grassroots Democrats as a divisive figure, accused of wearing either a progressive hat or an establishment hat depending on his audience.
Warren, 69, is firmly located in the progressive camp given her anti-war background and her vigorous pursuit of banking and consumer protection reforms. As an ex-Republican, however, with a respected track record in federal government, she also appears able to carry at least some establishment Democrats with her, notably after her refusal to back Bernie Sanders during the 2016 presidential campaign.
A Warren presidency is currently priced at $0.07 by PredictIt, a Wisdom-of-the-Crowds predictions market, up from $0.04 a mere seven days ago.