Kalshi traders are speculating on a number of famous names who may seek the Democratic nomination for President in 2028. But one curious name is back in the news: Hunter Biden.
As of Thursday, the market for who will run for the Democratic presidential nomination lists President Joe Biden’s son at a price of 15%.
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Why Hunter Biden?
The former president’s son hasn’t formally announced his candidacy or even expressed an interest in running. However, he has become a vocal critic of the current presidential administration.
Traders may be responding to Biden’s growing media presence and willingness to engage publicly on political issues, even if there is no indication he plans to seek office.
Previously, Biden was one of the focal points of Republicans’ criticism of President Biden’s administration. He has a history of drug abuse and in 2024, he was convicted of federal gun charges for falsifying records on a mandatory federal background check claiming he was not using illegal drugs. President Biden pardoned his son before he could be sentenced.
Less than a year later, Hunter Biden sat down with Channel 5 journalist Andrew Callaghan for a candid three-hour talk about his past drug abuse, the pressure mounted on his father not to seek a second term and the current presidential administration’s actions on issues such as the release of the Epstein files.
Hunter Biden has also been making the rounds of other podcasts like Candace Owens’ show. The Washington Post reported that the two talked about a number of issues and Owens even issued an apology to the ex-president’s son for criticizing him over the infamous laptop scandal.
“I feel, actually, terrible, realizing that you were finally clean and then it’s just this humiliation ritual over and over again of people putting everything out there and not realizing that,” Owens said.
The Atlantic’s Helen Lewis recently wrote a column proposing an interesting notion regarding Hunter Biden’s status as a viral political icon. She suggested that the ex-president’s son make an appearance on Joe Rogan’s podcast known for featuring political candidates and pundits, sometimes with extreme points of view.
Democratic Nominee 2028
If Biden does decide to make a run for the White House, traders seem to think he will have his work cut out for him. Kalshi’s 2028 Democratic presidential nominee market prices his chances of landing the nomination at just 1.1%.
The takeaway:
Kalshi markets now predict
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