INSIDE TRACK — With President Joe Biden under increasing pressure from his own party to drop out of the race for president, Vice President Kamala Harris’ fortunes are the subject of increasing speculation. Nowhere is it clearer than in the betting markets, where the two largest online political betting sites — Polymarket and PredictIt — have spent the day vacillating back and forth between Biden and Harris as the most likely potential Democratic nominee in November. At the time of publication, Polymarket gave Biden a 43 percent chance of being the Democratic nominee for president and Harris a 42 percent chance. Over at PredictIt, which functions largely like a stock market, both of their stocks were trading at 43 cents on the dollar . The betting markets get things wrong like everyone else, but Harris’ surge (she was at well under 10 cents before the debate, and was still trending generally at around 15 cents until Tuesday) reveals two things. A marketplace of people with their own cash in the game is increasingly less convinced that Biden will be the nominee. And those same people broadly believe that the only realistic other option is Harris — no other Democratic prospect is close. The odds began to move in earnest on Tuesday, after a trickle of lawmakers and prominent Democrats began to go public with their reservations about Biden — most notably Rep. Lloyd Doggett (D-Texas), who directly called for Biden to step aside. Today, Rep. Raúl Grijalva (D-Ariz.) followed Doggett’s lead with a public call for a new nominee. Other top Democrats, without publicly criticizing Biden, have increasingly made comments alluding to the prospect that Biden might not be the Democratic nominee , or opening the door to scenarios in which Biden steps aside . Adding to Biden’s troubles, polling from The New York Times/Siena College today showed Trump widening his lead post-debate, beating Biden by six points among likely voters and by eight points among registered voters. A new Wall Street Journal poll also has Biden losing by six points, with a whopping 80 percent of voters agreeing that he’s too old to run for a second term. Those numbers won’t calm the nerves of any Democrats, whether donors, party officials or officeholders. So far, Harris has played the good soldier — she loyally defended Biden on debate night and has since mentioned that the Biden who showed up on debate night was not the Biden she knows. “I see Joe Biden when the cameras are on and the cameras are off, in the Oval Office negotiating bipartisan deals,” she said at a rally in Las Vegas on Friday. Her chief of staff Lorraine Voles reportedly told Harris’ staff on Monday that there would be no tolerance for engaging in parlor games in which Biden isn’t the nominee. Harris joined Biden today on an all staff campaign call today, in which he was reportedly “unequivocal” about staying in the race. “So, let me say this as clearly and simply as I can: I'm running,” he said. Later in the day, in a fundraising email, Biden reiterated that “No one is pushing me out. I’m not leaving, I’m in this race to the end, and WE are going to win this election. If that’s all you need to hear, pitch in a few bucks to help Kamala and me defeat Donald Trump in November.” Still, at least some of Harris’ staff have been frustrated by their belief that the vice president’s name hasn’t been front and center in discussions of a possible Biden replacement. “They still don’t get that the message you’re saying to people, to this Democratic Party [when you pass over Harris], is, we prefer a white person,” one veteran Democrat and Harris ally told POLITICO over the weekend. One persistent problem, however, is that Harris’ approval ratings have largely been in line with or worse than Biden’s throughout her time in office. She has a base of support within the party, and she’s sharpened her message as the administration’s chief post-Dobbs defender of abortion rights, but many in the party still have serious reservations about whether she can win. Her 2020 primary campaign came apart at the seams, after all, and she dropped out before any votes had been cast. But Democrats harboring doubts about Harris or seeking to deny her the Democratic nomination got a dose of political reality Tuesday from Rep. Jim Clyburn, who made clear that the vice president must be reckoned with. “I will support [Harris] if [Biden] were to step aside,” said the influential South Carolina Democrat, who is credited with saving Biden’s 2020 campaign. The question of Harris’ fate is at the heart of any and all discussions about replacing Biden. Picking another contender would require stepping over her, which could fracture the party by alienating one of the party’s most important and loyal constituencies: Black women. While Biden’s delegates do not automatically attach to her, since her name is already on the ticket Harris could use the $91 million in the campaign coffers for her own election effort. The betting markets believe that, for all those reasons, her ascent to the nomination is the likeliest option should Biden drop out. In any case, the behind-the-scenes battle to determine who will be the next Democratic nominee is already underway. A private polling memo obtained by Puck shows that Michigan Gov. Gretchen Whitmer and Secretary of Transportation Pete Buttigieg are polling better than Harris in every battleground state. And tonight, the process moves a step closer toward the end game when Democratic governors from around the country will descend on Washington for a crucial closed-door meeting which will include many potential presidential hopefuls: Whitmer, California Gov. Gavin Newsom, Illinois Gov. JB Pritzer and Kentucky Gov. Andy Beshear, among others. Harris will also be present . Welcome to POLITICO Nightly. Reach out with news, tips and ideas at nightly@politico.com . Or contact tonight’s author at cmchugh@politico.com or on X (formerly known as Twitter) at @calder_mchugh . Programming note: Nightly will be off on Thursday and Friday for the Fourth of July. We’ll be back in your inboxes on Monday, July 8.
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