The end of election season doesn’t mean the end of political betting, with many platforms allowing users to bet on everything from the 2028 election to who will be confirmed to President-elect Donald Trump’s cabinet. .
“This may surprise some people, but people are already betting on 2026 and 2028,” Maxim Lott, founder of ElectionBettingOdds.com, told FOX News Digital. “About $250,000 has already been staked.”
The comments came after a lot of betting activity took place on the 2024 election, with users across multiple platforms betting more than $2 billion on the latest election results.
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President-elect Donald Trump (right) welcomes Robert F. Kennedy Jr. to the stage during the Turning Point Action campaign rally at Gas South Arena in Duluth, Georgia, on October 23, 2024. (Anna Moneymaker/Getty Images)
Huge sporting events like the Super Bowl and the recent Mike Tyson vs. Jake Paul fight will offer gamblers plenty of bets after the election, but those looking for political bets still have plenty of options. There is.
One of the most popular topics is who the candidates for both major parties will be in 2028, and according to ElectionBettingOdds.com, California Governor Gavin Newsom and Vice President-elect J.D. Vance They are shown to be the current leaders of the Democratic Party and Republican Party, respectively.
Other names that are attracting a lot of attention as Democratic candidates include Pennsylvania Governor Josh Shapiro and Michigan Governor Gretchen Whitmer. At home, future Government Efficiency Secretary Vivek Ramaswamy and Donald Trump are following suit. Junior on the Republican side.
Vance currently holds a sizable lead over other Republican options, Lott said, adding, “It would be advantageous for a big-name Democratic governor to be the next nominee.”
Michigan Governor Gretchen Whitmer. (Bill Priano/Getty Images)
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Vance is also the current betting leader on who will win the 2028 presidential election, with Newson and Shapiro following as the next two leading candidates, according to ElectionBettingOdds.com.
But Lott cautioned that it is still too early to say what the future holds, noting that the market will start to become clearer as more information comes to light over the next few years.
“As the future becomes clearer…as we get closer to 2026, 2028, those probabilities will change,” Lott said. “So if the Trump administration is doing very well, the economy is booming, inflation isn’t getting out of control, and the wars are ending, then Mr. Vance’s odds will certainly improve.”
And bettors aren’t limited to betting on elections, with platforms like Polymarket allowing users to bet on Trump’s Cabinet nominees and whether their nominations will be approved. Bettors can also bet on questions such as whether they believe the war in Ukraine will end within the first 90 days of the Trump administration or whether they believe there will be a ceasefire in Gaza in 2024.
Vice President-elect J.D. Vance; (AP Photo/Alex Brandon)
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According to Lott, looking at the current betting odds for many scenarios can help you find out what’s going on in the world without placing your own bets.
“People often ask…Is this worth it?…It’s just a gamble. It’s ridiculous,” Lott said. “But actually, this is very useful…If you want to know what’s going to happen in 2028, or whether the Trump administration will be successful, you can read 100 news articles about it. Or you can just go to the prediction market…Is there a 20% chance that Vance will be the next Republican nominee, or a 90% chance? It says a lot. ”
