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Biden back as favourite to win U.S. election - Smarkets

LONDON, Nov 4 (Reuters) - Democratic presidential candidate Joe Biden was back as favourite to win U.S. elections in online betting markets, according to Britain-based Smarkets Exchange, a reversal of fortune for President Donald Trump who was favourite overnight.

Smarkets is giving Biden a 56% chance to win the U.S. election, a massive flip from 29% an hour back.

The shift came after Biden overtook Trump in the battleground state of Wisconsin with an estimated 89% of the vote tallied so far. Trump has 49% and Biden has 49.3% of vote, according to Edison Research. (Reporting by Thyagaraju Adinarayan; editing by Carolyn Cohn)

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