In a major shift, Republicans are now favored to maintain control of the House of Representatives according to 2024 election betting odds. The Democratic Party held the betting odds lead for exactly three months consecutively until Thursday.
Former President Donald Trump is on track for a swing-state sweep, as his surge in both the election betting odds and polling averages has him leading in all seven swing states. Trump has jumped to a 21.7-point national betting odds lead, doubling his 10.8-point margin from a week ago, while nearly cutting Vice President Kamala Harris’s national polling lead in half since last week. He now trails by 0.9 points, having narrowed the gap from 1.7.
Democrats held a 10.5-point advantage in the House betting odds last week, which was already down from the 25-point lead they boasted on Oct. 4. The lead changed hands multiple times since Thursday, but Republicans are currently favored by 1 point to control the House, with bettors giving them a 50.5% chance compared to a 49.5% chance for the Democrats.
On Wednesday, the day before Republicans took the lead in House election betting odds, Harris went on Fox News for a combative interview which saw her odds plummet further. Her “risky” decision apparently did not pay off, as she lost 2.6 relative points to Trump on Wednesday and another 1.8 the following day.