The Democratic convention is due to start, in a virtual form because of the pandemic, on August 17th and the big development in the run up to the opening will be Joe Biden’s choice of running mate.
This is currently the most active political betting market and overnight Betfair had ex-US UN Ambassador as a 32% chance with California Senator Kamala Harris hovering just below 50%. These are the only two who are getting the media coverage at the moment and it will be a huge surprise if he names someone else.
I just wonder whether Rice, who worked closely with Biden during the eight years of the Obama administration has known all along that the job would be hers if Biden became the nominee. Back in the spring of 2019 all the speculation was that Rice would run for the Senate and was working hard to get the nomination in Maine. She then pulled out of that race just as it became clear that Biden would go for the White House and the polls had him well a ahead.
That’s just my guess but the timing fits and Rice would be uniquely qualified.
Her biggest negative is what she did after the controversial Benghazi when a number of US soldiers were killed. Fox News and co are already to go on the attack on this point if she does get the job and Rice is reported to be ready to take this head on.
I was all in the green on this market. Now I’ve put more on Rice using my likely gains in the main nominee market.