Exploring the discrepancies between conventional wisdom and statistical forecasts for the 2024 election. Analyzing betting markets' opinions on Trump's chances and potential VP candidates like Tim Scott and Kristi Noem. Delving into the dynamics of probability analysis and outcomes such as party realignment and legal implications for Trump before the election.
Republican primaries in Indiana signal stability with conventional conservative choices for Senator and Governor.
Deep dives
Analysis of Indiana Primaries
The Indiana primaries saw a mix of results favoring embattled incumbents, establishment-backed pragmatists, and supporters of Israel. Representative Victoria Spartz faced a competitive race but ultimately prevailed, showing divisions within the GOP. Battles between the establishment and conservative factions played out in several open seats, marking an intriguing primary with no clear takeaway.
Incumbent Renomination Challenges
Incumbents facing renomination challenges in 2024 have seen minimal losses so far, with only one losing renomination. While early polls suggest low approval ratings for Congress, additional losses are expected throughout the election cycle. Notably, Republican primaries have shown a trend of self-funding wealthy candidates securing victories.
Indiana's Future Political Landscape
Republican voters in Indiana have elected their future Senator and Governor with nominations leaning towards conventional conservative choices. Senator Mike Braun winning the gubernatorial nomination after one term in the Senate suggests a stable political landscape. Representative Jim Banks winning the Senate seat uncontested further solidifies the state's potential political direction.
Six months out, how does the conventional wisdom about the 2024 election compare with how we are thinking about the numbers here at 538? Are election watchers thinking in a clear-eyed way about an election that will undoubtedly produce a lot of emotion and narratives?
Unfortunately we don’t have a conventional wisdom thermometer in the office, so in this installment of the 538 Politics podcast we put that wisdom to the test with a game of “Buy, Sell, Hold.” We look at where the betting markets place the likelihood of everything from former President Donald Trump picking South Dakota Gov. Kristi Noem as his running mate to Democrats winning a Senate race in Ohio, and decide whether the odds are appropriately priced.