Bookie Brief: Political Odds – The Transition Has Begun 11/24/2020

• Emily Murphy, the head of the General Services Administration approved the formal presidential transition, clearing the way for Biden to begin filling out his cabinet.
• Michele Flournoy had the shortest odds at -2000 to be the next US Secretary of Defense.
• Joe Biden selected Janet Yellen as his Secretary of Treasury, she was the betting favorite with -300 odds.

WASHINGTON D.C. — The effects of the 2020 US Presidential Election still lingers as the General Services Administration approved the start of the formal presidential transition.

Joe Biden has now continued to make appointments to his Presidential cabinet, and Trump continues to dispute the election results while most bettors have yet to receive their election payouts.

GSA Approves Formal Presidential Transition

The General Services Administration (GSA) was one of the biggest roadblocks in releasing federal funds to begin the process of turning power over from the Trump Administration to Biden’s.

Emily Murphy, the head of the GSA wrote a letter to President-Elect Joe Biden on Monday explaining the move and why it took her so long to make her decision.

Despite President Trump never conceding 2020 US Presidential Election this is the first major indication that he has lost and that payouts could be coming in soon. However, Trump did take to Twitter to remind everyone that this doesn’t mean his fight in the courts over the election results is over.

He also reminded everyone that he has yet to concede the election doubling down in his assertion that the votes were tampered with.

With the GSA funds being released to aid a Biden transition President Trump once again hinted at this not being an admission of defeat for him.

Joe Biden Cabinet Betting Odds and Selection

Now that the GSA funds can be used to aid a transition of power Biden has started to build his administration. President-Elect Joe Biden has begun filling out his cabinet as he’s already named a Chief of Staff, Secretary of State, and a Secretary of Treasury.

If political bettors took the -300 odds on Janet Yellen to be named the Secretary of Treasury, they’d have some extra funds on their bankroll as Biden selected her to the position yesterday.

Biden has yet to appoint a Secretary of Defense or an Attorney General; those are two important positions in a President’s administration. The betting odds for those two positions were posted earlier this week and what the possible payout would’ve been. These odds from SportsBetting.ag were taken down shortly after they were posted.

Biden will likely fill these positions shortly as he likely wants to quickly get people in place to focus his attention on the ongoing coronavirus pandemic.

President-Elect Biden will likely be announcing who will make up his administration throughout the Thanksgiving holiday but there’s no set timeline.

While Trump has stated that the election process is still going, Biden took a different tune calling for every American to come together.

The election is over.

It’s time to put aside the partisanship and the rhetoric designed to demonize one another.

We have to come together.

— Joe Biden (@JoeBiden) November 24, 2020

News tags: 2020 US Presidential Election | Coronavirus | Democratic Party | Donald Trump | Doug Jones | Emily Murphy | Jack Reed | Janet Yellen | Joe Biden | Merrick Garland | Sally Yates | Secretary of Treasury | Tammy Duckworth | US Secretary of Defense