Jon Ossoff

The sweeping Democratic victory in the US midterm elections has markets pricing two years ​of gridlocked government. But a sudden shift in 2028 presidential betting odds could reshape how investors read everything that follows. The ​largely expected, if surprisingly comprehensive, Democratic capture of both houses of Congress drew an ‌equivocal market ​reaction. But one move on the sidelines stood out. Prediction markets suddenly show Georgia Senator Jon Ossoff, a Democrat, as the favourite to win the White House in two years. It's the first time that a presumed Republican candidate, current Vice President JD Vance, has not been the clear frontrunner to succeed Donald Trump as president in two years. Polymarket and Kalshi — prediction sites that allow individuals ‌to trade with each other on the outcomes of myriad political, sporting and financial events — both showed /strong>Ossoff on 18%, up 5 percentage points and 3 points ahead of Vance as trading unfolded on Wednesday. Those odds...