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Election: Betting markets and polls give edge to Democrats in Georgia’s crucial Senate runoff elections

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Ahead of Georgia’s two U.S. Senate runoff elections on Tuesday that will determine the balance of power in Washington, betting markets and polls are signaling some confidence in the Democratic Party’s prospects. Betting market PredictIt gives Democratic challenger Jon Ossoff a 53% chance of defeating incumbent Republican Sen. David Perdue as of Monday, while in the other Georgia contest, Democratic candidate Rev. Raphael Warnock has a 63% chance of ousting GOP Sen. Kelly Loeffler. PredictIt’s odds had favored Republicans last week. Other sites that enable wagers on politics, such as Smarkets, also give the edge to the Democratic …

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