Up until this point in the 2016 presidential election, the betting markets have not been as kind to Donald Trump as the polls have. But now — less than three weeks ahead of the Iowa caucuses — the real estate magnate has finally pulled into first place as the market's favorite to win the GOP nomination:
The odds on a Trump victory are 15/8, or 34 percent, putting the billionaire real-estate mogul as favorite in the market for the first time, Betfair said in an e-mailed statement in London on Wednesday. Previous favorite Marco Rubio widened to 11/5, or 31 percent, while Ted Cruz is 7/2, 22 percent. [Bloomberg]
Trump's new lead in the betting markets is still matched by the polls, too. Nationally, Trump holds a 17-point lead ahead of the rest of the Republican field.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Canada joins EU’s $170B SAFE defense fundspeed read This makes it the first non-European Union country in the Security Action for Europe (SAFE) initiative
-
Appeals court disqualifies US Attorney Alina HabbaSpeed Read The former personal attorney to President Donald Trump has been unlawfully serving as US attorney for New Jersey, the ruling says
-
White House says admiral ordered potential war crimeSpeed Read The Trump administration claims Navy Vice Adm. Frank ‘Mitch’ Bradley ordered a follow-up strike on an alleged drug-smuggling boat, not Pete Hegseth
-
Honduras votes amid Trump push, pardon vowspeed read President Trump said he will pardon former Honduran president Juan Orlando Hernández, who is serving 45 years for drug trafficking
-
Congress seeks answers in ‘kill everybody’ strike reportSpeed Read Lawmakers suggest the Trump administration’s follow-up boat strike may be a war crime
-
Judge halts Trump’s DC Guard deploymentSpeed Read The Trump administration has ‘infringed upon the District’s right to govern itself,’ the judge ruled
-
Trump accuses Democrats of sedition meriting ‘death’Speed Read The president called for Democratic lawmakers to be arrested for urging the military to refuse illegal orders
-
Court strikes down Texas GOP gerrymanderSpeed Read The Texas congressional map ordered by Trump is likely an illegal racial gerrymander, the court ruled
