The odds-on Kamala Harris becoming the next president have improved sharply from 50/1 (2 percent) to 25/1 (3.8 percent) among one bookmaker after the former vice president announced on Wednesday that she won't be running to be the next governor of California in 2026.

Former Vice President Kamala Harris still hopes to be president. That’s the most obvious conclusion to draw from Harris announcing over the course of 24 hours that she is not running for governor of California but is releasing a new book about her failed 2024 presidential campaign.