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Online betting platform Betfair puts the 46th President on a level pegging with his predecessor in vote share based on the bets it has received on who will win out in the election.
A bookmaker shortened the odds on Gabbard being the Republican vice-presidential candidate following comments Donald Trump made on Tuesday.
According to reports, Michelle Obama has been deemed the most favorable candidate to replace President Joe Biden if he drops from the elections.
Concerns about Biden's health, strengthened by a series of recent gaffs, have triggered speculation over whether he could step down from the presidential race.
Joe Biden's odds on being reelected declined sharply after the release of Special Counsel Robert Hur's report.