The British sportsbook operator William Hill began taking odds on the possibility President Donald Trump disobeys the U.S. Constitution and runs for a third term.
As part of the Constiution's 22nd Amendment, the president can only run for two four-year terms, but recent comments Trump made contradict the U.S. law, in place since 1951.
Currently, William Hill has Trump running for a third term at five-to-one odds, with bettors believing the president will reshape the U.S. Constitution before the end of his second term.
When asked about the possibility of a third term in an interview with NBC, Trump said he would not rule out running again in 2028, citing ‘there are methods which you can do it.’ "I'm not joking... a lot of people want me to do it," he added. "But, I basically tell them we have a long way to go, you know, it's very early in the administration."
This isn't the only time Trump alluded to the possibility he'd run for successive terms. During his election campaign in Nov. 2024, he spoke to House Republicans at the Hyatt Regency on Capitol Hill, saying, “I suspect I won’t be running again unless you say ‘He’s so good, we have to figure it out.’”
Other politicians in contention for the 2028 Presidential Election are JD Vance, with five-to-two William Hill odds, and Josh Shapiro, with nine-to-one odds, the highest Democratic contender so far on the British gambling platform.
U.S. election betting a global sensation
William Hill is not the only online gambling platform offering odds for Trump’s third term. The cryptocurrency-based prediction market Polymarket also gives traders the chance to bet on Trump's possible run again.
Polymarket, which recently saw predictions of over $1 billion during Super Bowl LIX, has Trump running for a third term priced at a 4pc chance. This is much lower than William Hill's current odds, but it's still on the table for some bettors.
In addition, Irish gambling platform Boylesports doesn’t have Trump running for a third term. Instead, Elon Musk has a higher chance to become 48th President of the United States at thirty-three-to-one odds.
Since the 2024 Presidential Election, bettors have been eager to vote on election outcomes worldwide. Prediction market platform Kalshi previously offered election-related contracts during Donald Trump’s and Kamala Harris’ presidential campaigns, with a Kalshi spokesperson saying that demand for the market ‘exploded.’
Yet election betting doesn't come without its scandals. In the United Kingdom, it was revealed then-Parliamentary private secretary Craig Williams placed a £100 bet during the 2024 General Election, calling for a ban on bets made by politicians by other members of parliament.
