Online betting markets shifted decisively in favor of former President Donald Trump beating President Joe Biden in a rematch this fall after Biden turned in a widely criticized performance during Thursday night’s debate.

Prior to the debate, PredictIt listed Trump and Biden close with Trump edging out Biden, 53¢ to 48¢ in placed bets. However, once the debate started, Trump jolted up to a high of 61¢ while Biden cratered to a low of only 29¢.

California Democratic Governor Gavin Newsom saw his stock rise considerably on the betting site, jumping from only 5¢ to a high of 20¢ during the debate.

However, the likelihood that Democrats can stop Biden from being the nominee is very low because they have no legal mechanisms to stop him. Even if they were to invoke the 25th Amendment and have him removed from office, which there was some talk about online following the debate, Biden still controls the delegates from the nomination process because he won the primary contests — thus he would still end up being the party’s nominee.

Another site, BetOnline.ag, had Trump starting the debate as a -150 favorite and improving to -175 favorite by the end of the debate, according to the New York Post. Biden started the night a +130 underdog and fell significantly to +300 (or 3/1) after the debate.

CNN broke down post-debate polling that the network conducted, which showed a significant shift in voters’ thoughts going into the night compared to their thoughts afterward.

Before the debate started, voters expected Trump to win 55% to 45%. Following the debate, 67% said that Trump won, and only 33% said that Biden won.

For contrast, during the 2020 presidential election, CNN’s polling found that voters believed Biden won the first debate, 60% to 28%, and the second, 53% to 39%.

Only 14% of those who watched the debate said they had “a lot” of confidence in Biden’s ability to lead the country, while 36% said they had “a lot” of confidence in Trump.

Overall, 56% said they had confidence in Trump, while only 43% said they had confidence in Biden. Inversely, 57% said they had no confidence in Biden, and only 44% said they had no confidence in Trump.

WATCH:

CNN breaks down the post-debate polling

This is a total disaster for Biden

Who won?
Trump 67%
Biden 33%

Only 14% of viewers said they had “a lot” of confidence that Biden could lead the country, whereas 36% said the same for Trump. 57% said they had no confidence in Biden pic.twitter.com/wd3u58N7Tl

— Ryan Saavedra (@RealSaavedra) June 28, 2024