The biggest change since my last update has been Joe Biden entering the race. He has more than doubled his chances of being the next Democratic Presidential Candidate and six of the other seven candidates
Beto O’ Rourke (Implied Probability: 4.8% / -9.9%) (Polling 3% -6%):
I think O' Rourke's star has truly waned now. In the last update six weeks ago, I claimed that Pete Buttigieg offered a more dynamic, compelling alternative for Democratic voters looking for a fresh candidate who could appeal to a vast swathe of the Party's voters. When I googled O' Rourke today, the only headlines he had generated recently were articles about his regret over his Vanity Fair campaign launch. I think there is every chance he drops out of the top seven in the next few months.
Andrew Yang (Implied Probability: 5.1% / -0.2%) (Polling: 1% - 2%):
Yang has been remarkably consistent over the last six weeks. Despite polling on average at 1% and in 11th place, he remains in sixth place in the probability rankings. He needs to be do do more and be heard by a larger proportion of the electorate if he is going to kick on from here.
Elizabeth Warren (Implied Probability: 7.7% / +4.3%) (Polling 5% - 12%):
Apart from Joe Biden, Elizabeth Warren has had the best time of it among the Presidential hopefuls since the last update. She has more than doubled her chances, moved up two places and her polling has increased significantly. I have said for a while that, despite some very interesting and innovative policy launches, she needed momentum. Warren's campaign now seems to have sparked a little and it will be interesting to follow if she can close the gap on Bernie Sanders and challenge him for the champion of the progressive side of the party.
Pete Buttigieg (Implied Probability: 8.3% / -2.8%) (Polling 2% - 10%):
It appears as if Buttigeig is in this campaign for the long haul. He needs to continue to build his voter recognition levels and launch more policies. He is definitely focusing on the former and in the last three days alone, he appeared on Jimmy Fallon and Stephen Colbert. I personally found this appearance a little cringey but Jimmy Fallon is definitely an influential media star for young, liberal voters in the United States. I do think he can do quite well in the debates if he makes it to them in a strong position but he'll need more substance to keep the momentum until then.
Kamala Harris (Implied Probability: 14.7% / -6.1%) (Polling 5% -10%):
The second update in a row where Harris has dropped by a place. In my view, third looks about right for her at the moment. Harris is certainly a very strong candidate but can not be currently classed in the category as Bernie Sanders, yet alone Joe Biden. The upper end of her polling is similar to Buttigieg and Warren and it is in this second tier of candidates she should currently reside. She has recently started to work on her appeal to voters on the Left and she still has the potential to win, especially if she can take her home state California early on.
Bernie Sanders (Implied Probability: 19.6% / -1.7%) (Polling 11% -25%):
Sanders has continue to campaign well though last time my concern for his chances was "has had everything go right for him so far and avoided any major controversies but still never polls above Joe Biden". This was before Biden had formally entered the race. Now that he has, the gap has increased significantly and Sanders will have to lift his game even higher. He is a good speaker though and once he sees off the challenge from Warren on the left he may be able to frame it as Hillary 2.0 versus the Left.
Joe Biden (Implied Probability: 26.7% / +14.2%) (Polling 33% - 46%):
Biden is now the clear front-runner in almost every category. Polling, betting, endorsements and name recognition. In the last update, he was beginning to waver a little and I did wonder whether he would decide it wasn't worth it at all. However, he recovered from this slight flounder and he now has every chance of taking on Donald Trump in 2020. There is still an expectation that he may commit a few more gaffes and could throw it away but for now, the candidacy is Joe Biden's to lose...
*Polling date taken from here