Bloomberg viewed as having best chance to beat Trump in betting market analysis

Former New York City Mayor Michael Bloomberg is viewed as the Democrat most likely to defeat President Trump if nominated, according to a newly released betting market analysis.

However, the analysis from researchers at Standard Chartered Bank, first reported by CNBC, also found that Bloomberg is viewed as having a 10 percent chance of winning the Democratic nomination. "Our interpretation of online market pricing is that Bloomberg is viewed as having the highest chance among Democrats of beating Trump if nominated. But his nomination probabilities are currently running just over 10 percent," the study states.

The research shows that among the top-polling candidates, Bloomberg and former Vice President Joe Biden are the two candidates viewed as having the highest chances of winning given perceptions about how friendly they would be for asset markets.

"Among investors, Bloomberg and Biden are probably viewed as the most asset-market friendly among the Democratic candidates, so their greater implied electability may be why US assets are not showing more stress," the researchers wrote.

The former mayor has spent more than $200 million on his campaign so far and has said he may spend up to $1 billion to defeat Trump, even if he is not the nominee.

https://thehill.com/homenews/campaign/478494-bloomberg-viewed-as-having-best-chance-to-beat-trump-in-betting-market