The probability of US President Joe Biden being re-elected has dropped to 9% on the decentralized forecasting platform Polymarket. 📉 Now his chances have recovered a little and are 10%.

- Former President and Republican nominee Donald Trump is the favorite at 61%, with Vice President Kamala Harris in second at 19%.

- Stock prices reflecting Biden's chances on the PredictIt forecasting platform also fell from $0.25 to $0.20.

- Harris is now the leading Democratic candidate, but Trump still holds the highest valued Yes stock at $0.58.

- Polymarket now shows a 66% chance that Biden will withdraw from the election before November 4, making Harris the most likely Democratic candidate to take on Trump.