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]
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.
-
5 weather-beaten cartoons about the Texas floodsCartoons Artists take on funding cuts, politicizing tragedy, and more
-
What has the Dalai Lama achieved?The Explainer Tibet’s exiled spiritual leader has just turned 90, and he has been clarifying his reincarnation plans
-
Europe's heatwave: the new front line of climate changeIn the Spotlight How will the continent adapt to 'bearing the brunt of climate change'?
-
Trump set to hit Canada with 35% tariffsSpeed Read The president accused Canadian Prime Minister Mark Carney of failing to stop the cross-border flow of fentanyl
-
Mahmoud Khalil files $20M claim over ICE detentionSpeed Read This is the 'first damages complaint' brought by an individual targeted by the Trump's administration's 'crackdown' on Gaza war protesters
-
Trump threatens Brazil with 50% tariffsSpeed Read He accused Brazil's current president of leading a 'witch hunt' against far-right former leader Jair Bolsonaro
-
AI scammer fakes Rubio messages to top officialsSpeed Read The unknown individual mimicked Rubio in voice and text messages sent to multiple government officials
-
SCOTUS greenlights Trump's federal firingsspeed read The Trump administration can conduct mass federal firings without Congress' permission, the Supreme Court ruled
-
New tariffs set on 14 trading partnersSpeed Read A new slate of tariffs will begin August 1 on imports from Japan, South Korea, Thailand and more
-
Elon Musk launching 'America Party'Speed Read The tech mogul promised to form a new political party if Trump's megabill passed Congress
-
Judge blocks Trump's asylum ban at US borderSpeed Read The president violated federal law by shutting down the US-Mexico border to asylum seekers, said the ruling
