Donald Trump is now the betting markets' favorite to win the GOP nomination

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.
Subscribe to 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.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
August 2 editorial cartoons
Cartoons Saturday’s political cartoons include a tariff self-own, rough times at the Trump golf course, and more
-
5 inexcusably hilarious cartoons about Ghislaine Maxwell angling for a pardon
Cartoons Artists take on the circle of life, Ghislaine's Island, and more
-
Ozzy Osbourne obituary: heavy metal wildman and lovable reality TV dad
In the Spotlight For Osbourne, metal was 'not the music of hell but rather the music of Earth, not a fantasy but a survival guide'
-
Trump revives K-12 Presidential Fitness Test
Speed Read The Obama administration phased the test out in 2012, replacing it with a program focused on overall health rather than standardized benchmarks
-
El Salvador scraps term limits, boosting Nayib Bukele
Speed Read New constitutional changes will allow presidents to seek reelection an indefinite number of times
-
Trump assigns tariffs, delays all except on Canada
Speed Read A 35% tariff on many Canadian goods has gone into effect
-
Harris rules out run for California governor
Speed Read The 2024 Democratic presidential nominee ended months of speculation about her plans for the contest
-
Trump sets new tariff rates as deadline nears
Speed Read New tariff rates for South Korea, Brazil and India announced
-
Ghislaine Maxwell: angling for a Trump pardon
Talking Point Convicted sex trafficker's testimony could shed new light on president's links to Jeffrey Epstein
-
Senate confirms Trump loyalist Bove to top court
Speed Read The president's former criminal defense lawyer was narrowly approved to earn a lifetime seat
-
Ghislaine Maxwell offers testimony for immunity
Speed Read The convicted sex trafficker offered to testify to Congress about her relationship with late boyfriend Jeffrey Epstein