Donald Trump becomes the 47th president of the United States when he takes the oath of office at noon on Monday. But he won't be the 48th. Trump is prohibited from running for a third term in 2028. The 2028 U.S. Presidential Election will be held on November 7. 

That’s 1,387 days from Ingaruation Day. 

No doubt the commercials might start a week from tomorrow. And the speculation over who will be Trump's successor has begun.

Election betting remains illegal in the United States. This year for the first time, legal trading markets were allowed after a judge allowed them to operate despite ongoing opposition by the U.S Commodity Futures Trading Commission. That case will continue after the election. 

The most notable of the legal U.S. political trading sites is Kalshi. Like all trading sites. Kalshi offers shares on both sides of an outcome. And the price per share depends on what someone else on the other side is willing to pay. Those outcomes are converted to probability for people to follow on their sites. 

Traditional betting odds on the politics in the U.S. and elsewhere are offered by legal sites in Canada and the U.K., and offshore sites. 

Those sites post traditional odds on election outcomes in the same way they would handle a money line on a football or basketball game. 

Who will win the 2028 Presidential Election? 

Bookies.com veteran oddsmaker Adam Thompson has surveyed the political landscape and revealed his 2028 Presidential Election winner odds, along with each probability of outcome

2028 Election Odds & Probabilities 

This hypothetical political betting market is for entertainment purposes only and does not reflect any market that may be available on betting sites and betting apps. 

Vice President-Elect JD Vance, the former junior senator from Ohio, holds his spot as the favorite here after Trump's sweeping victory. His loyalty to Trump will have earned him the loyalty of Trump’s supporters. And he'll have the power of incumbency when the 2028 GOP primary season begins. Vance has also led the party outreach to non-traditional supporters along the lines of Elon Musk. Vance just turned 40. Thus, his name will likely be a fixture in the presidential odds discussion for many cycles to come. 

Michelle Obama is the one to watch here at +1200. The former first lady enjoys the sort of status in the Democratic party once enjoyed by Eleanor Roosevelt. She snubbed Trump's inauguration and has not been shy about criticizing him and his policies. Obama shares the greatest name recognition of anyone in this field, along with Vice President Harris, Obama would be an instant favorite in the Democratic primary should she choose to run and amass a huge campaign war chest. However, as 2024 proved, money doesn't equate victory in a presidential election. 

Vice President Kamala Harris got the Democratic party nomination after President Joe Biden opted not to run for re-election. The size and scope of her loss to Trump knocked her price in half, as she tumbled from +600 to +1200 after Trump clinched Wisconsin and the presidency. Still, Harris got 75 million votes and has been polling close to, if not slightly ahead of, Vance. She will have time to rehab her image - if she chooses to take it. 

All eyes could turn to another Californian - Gov. Gavin Newsom. He combines Hollywood-good-looks, political savvy, and the potential to raise the billions of dollars it will take to win this election. But Newsom stumbled badly in a debate with DeSantis. And his handling of the LA wildfires has drawn criticism from across the political spectrum. No doubt potential Democratic and Republican opponents already have those attack ads ready to go. 

Arizona Senator Mark Kelly and Pennsylvania Gov. Josh Shapiro were both considered as potential running mates for Harris in 2024. Both are viewed as more moderate on the Democratic side and both could be an option should the party opt for a fresh face in 2028. Shapiro was the first choice of many to be Harris' running mate. His absence from her ticket may have cost her the Keystone State. Shapiro is very popular in a state vital for either party to win the presidency. 

Kentucky Gov. Andy Beshear could provide the perfect balance to either Newsom or Obama on a Democratic ticket. Considered a centrist, Beshear won the governor's race in 2023 in the traditionally very red Commonwealth. 

Florida Gov. Ron DeSantis is term-limited. He’ll be a free agent after 2026. DeSantis mounted an unsuccessful bid for the GOP nomination in 2024 but was steamrolled out of the primary process after the Iowa Caucuses. DeSantis scored 2 major victories in Florida on election day as proposed constitutional amendments supporting legalized marijuana and expanded abortion access both failed to reach the required 60% threshold for passage.

The Field here offers plenty of opportunity, as well. Among the names you might hear between now and the 2028 primary cycle: Texas Sen. Ted Cruz (R), Texas Congressman Lloyd Doggett (D), Georgia Gov. Brian Kemp (R), soon-to-be Secretary of State Marco Rubio (R), soon-to-be Attorney General Pam Bondi (R), and Massachusetts Gov. Maura Healey (D).