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Bettors Bet Big on Vance and Newsom: 2028 US Election Race Heats up Before It Even Starts

2025-07-20 14:35:21

Bettors Bet Big on Vance and Newsom: 2028 US Election Race Heats up Before It Even Starts

Main Idea

Prediction markets are favoring J.D. Vance for the 2028 Republican nomination and Gavin Newsom for the Democratic nomination, though the race remains highly speculative with significant time before the election.

Key Points

1. Polymarket participants give J.D. Vance a 27% chance of winning the 2028 Republican nomination, while Gavin Newsom leads among Democrats with 14%.

2. Donald Trump has only a 4% chance of another White House bid in 2028, according to Polymarket traders.

3. On Kalshi's prediction market, Newsom holds an 18% chance for the Democratic nomination, with AOC close behind at 14%.

4. For the Republican nomination on Polymarket, Vance dominates with 56%, while Marco Rubio and Ron DeSantis trail at 7% and 6%, respectively.

5. Nearly $11.2 million in bets have been placed on these markets, reflecting divided and uncertain trader sentiment.

Description

Even with the 2028 election still more than three years off, prediction markets are already brimming with wagers. Currently, Polymarket participants are placing their bets on J.D. Vance to secure the Republican nomination, while Gavin Newsom is emerging as the top contender on the left. Naturally, with so much time before the big day, these

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