UPDATE - He filed for OK presidential ballot https://apnews.com/ada5b48355b5a663b3121a3c4c9a8b28
Multiple reports on social media suggest Kanye West has already dropped out of the 2020 presidential race. Various Tweets and articles have come out suggesting it. Below are some of them.
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However, the funniest message of them all came when Anthony Scaramucci chimed in and said "According to my calculations @kanyewest’s presidential aspirations lasted one full Scaramucci"
The "Mooch" didn't last long working on the Trump administration. He was out very quickly, just like Kanye West has allegedly dropped out of the election just 11 days after preaching to the choir like he was the next best leader we would see.
As stated on Penn Live:
According to multiple media reports, rapper Kanye West has dropped out of the 2020 presidential race after announcing he would run two weeks ago.
Newsweek reported, “A member of the rapper’s campaign team has confirmed that West will no longer be contesting the election. Steve Kramer, who specializes in getting candidates on the ballot, told ‘New York Magazine’s The Intelligencer’ that West, 43, is out of the race.”
It does appear that Kanye is out, as we haven't located any source saying he's still in.