Predictions markets believe Democrats have edge in election

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Prediction markets believe Democrats might have a slight advantage in the coming 2024 presidential election, according to Goldman Sachs' analysis of PredictIt and Polymarket bets.

Catalysts anchors Brian Sozzi and Brad Smith break down how prediction markets are betting on election results, examining US Secretary of Commerce Wilbur Ross's comments on the likelihood of a second Trump presidency and what recent consumer sentiment data indicates about Americans' buying power ahead of an interest rate cutting cycle.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Luke Carberry Mogan.