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Market News

Robert F. Kennedy Jr. May Drop Out of 2024 Presidential Race

Written By:
Iyiola Adrian

Last updated: August 22, 2024 11:00 AM
Published 2024-08-22
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RFK Jr. Dropout Rumors Grow Ahead of Aug. 23 Address

Independent candidate Robert F. Kennedy Jr. is expected to drop out of the 2024 presidential race, with an official announcement planned for August 23.

According to ABC News, Kennedy may reveal his decision during a live speech from Phoenix, Arizona. This announcement might include a shift toward working with Republican candidate Donald Trump.

On August 21, Kennedy’s campaign shared that he would “address the nation” about his “present historical moment and his path forward”. His speech is set just a few hours before Trump holds a rally in nearby Glendale, Arizona, raising questions about whether the two candidates might join forces. 

However, Kennedy’s running mate, Nicole Shanahan, has also hinted in an interview on August 20 that the campaign could consider forming a “unity party” with Trump.

The possibility of Kennedy dropping out has caused a reaction in the betting markets. On Polymarket, his odds of winning the presidential election dropped to zero.

Robert F. Kennedy Jr. odds of winning the presidential election dropped to zero
Image Source: Polymarket

The chances of him dropping out before September also soared from 10% to 93%. Additionally, a new question was added on August 21 asking whether Kennedy would endorse Trump during his speech, with the odds at 84%.

RFK Jr. to Endroses Trump
Image Source: Polymarket

Kennedy began his campaign as a Democrat in April 2023 but later switched to running as an independent in October. Throughout his campaign, he has criticized both President Biden and Trump.

Although he previously called Trump “the most Radical Left Candidate,” recent developments suggest that an unexpected partnership could be on the horizon.

Also Read: Polymarket Gives Slight Edge to Trump, Musk Poll Gives Homerun

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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