The odds are five to one that Donald Trump will reshape the US constitution and win the presidency for a third time, according to William Hill.
The high street bookie has begun taking bets that Mr Trump will once again take the White House in 2028, an outcome that would require a fundamental overhaul of the modern US political system.
Presidents have been bound to serving no more than two four-year terms under the Twenty-Second Amendment of the Constitution, which was brought into force in 1951.
However, Mr Trump has repeatedly joked about running a third time, telling his supporters last November: “I suspect I won’t be running again unless you say ‘He’s so good, we have to figure it out’.”
He added that his successful 2024 campaign would be his last unless they “do something”.
William Hill is so far the only British bookmaker offering odds on a possible third Trump term. The company sees Mr Trump as the second favourite to win the next election, behind only current vice president JD Vance who is given odds of five to two.
Donald Trump Jr has a nine to one chance of entering the White House, while the most favoured Democratic contender is Josh Shapiro, the Governor of Pennsylvania, who is also seen as a nine to one shot.
A spokesman for William Hill declined to comment.
Polymarket, an online crypto exchange that lets people bet on real world events, is also currently offering markets on a third term for Mr Trump, though traders there see a far lower chance. The market is currently pricing just a 4pc chance of Mr Trump repealing the presidential term limit.
The US crypto betting market was thrust into the spotlight after traders correctly placed wagers on a comfortable victory in last year’s election for Mr Trump, in defiance of mainstream polls.
Previously a niche concern, political betting has exploded in popularity in the last decade. Andrew Tottenham, a gambling industry consultant, said this was a result of the increased accessibility of online gambling and the growing polarisation in society.
He said: “Bookmakers will quote odds on anything, really. In the UK you can bet on anything, any future event, whether it’s snow falling on the post office tower on Christmas Day, or whatever else it might be.”
Political betting has been at the heart of scandals in the past. In the run up to the 2024 General Election, it emerged that Craig Williams, the Parliamentary private secretary to then-prime minister Rishi Sunak, had placed a £100 bet on the date of the election.
This led to calls for a ban on bets by politicians from campaigners and MPs, including the former Tory leader Sir Iain Duncan Smith and the former defence secretary Tobias Ellwood.
While William Hill is the only UK bookmaker accepting bets on a third Trump term, rival bookmaker BoyleSports is offering thirty-three to one odds on Elon Musk becomes the next president.
A spokesman for BoyleSports said: “We’re erring on the side of caution with our price.”
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