We are in the home stretch of the 2024 election cycle and the race between Vice President Kamala Harris and former President Donald Trump could not be more tight. Though the polls remain close, the margin between the two is much wider in the world of betting markets. What does this mean for the campaigns? We get into it.

In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman are joined by Jim Bianco, president and macrostrategist of Bianco Research, to discuss the betting markets and whether or not they are a good indicator of who could be elected to be the next President of the United States.

While the betting markets are favoring a Trump victory, Bianco argues it’s a trend that is following the former president's poll trajectory.

“The whole point of the betting markets is they're supposed to anticipate what's coming next,” Bianco says. “Doesn't mean they're right. It's just that there's a logical reason for why it's trading there.”

Ultimately the only true deciding factor will come down to voter turnout on Election Day.

Watch more episodes of Capitol Gains here.

Editor's Note: This episode was recorded prior to the release of updated FEC filings that showed additional Elon Musk donations to a pro-Trump super PAC.

This post was written by Lauren Pokedoff