2028 Election Betting Odds: Where Do J.D. Vance, Kamala Harris, Michelle Obama, Donald Trump Jr. Rank?

The 2028 presidential election is over 1,000 days away and President Donald Trump just took office, but that hasn’t stopped sportsbooks and prediction markets from taking an early look at the election betting odds.

What Happened: From Bet365, here are the current betting odds on who will emerge as a top candidate, as reported by Covers:

J.D. Vance (Republican): +250
Gavin Newsom (Democrat): +1,000
Josh Shapiro (Democrat): +1,000
Pete Buttigieg (Democrat): +1,400
Michelle Obama (Democrat): +1,600
Gretchen Whitmer (Democrat): +1,600
Vivek Ramaswamy (Republican): +1,600
Donald Trump Jr. (Republican): +1,600
Ron DeSantis (Republican): +2,000
Tucker Carlson (Republican): +2,000
Tulsi Gabbard (Republican): +2,000
Kamala Harris (Democrat): +2,000

Outside of those figures, other notable names include Nikki Haley (Republican) at +4,000 and Hillary Clinton (Democrat) at +5,000.

Here are the odds from BetMGM, which is a unit of MGM Resorts International MGM, as shared by Action Network:

J.D Vance: +275
Gavin Newsom: +650
Josh Shapiro: +800
Michelle Obama: +800
Ron DeSantis: +1,000
Pete Buttigieg: +1,400
Vivek Ramaswamy: +1,400
Gretchen Whitmer: +1,600
Ivanka Trump (Republican): +2,000
Marco Rubio (Republican): +2,000
Alexandria Ocasio-Cortez (Democrat): +2,500
Andy Beshear (Democrat): ++2,500
Kristi Noem (Republican): +2,500
Nikki Haley: +2,500
Tucker Carlson: +2,500

BetMGM UK also has other notable names like Robert F. Kennedy Jr. (+3,300), Donald Trump Jr. (+3,300) and Hillary Clinton (+5,000) listed further down the odds. Harris is notably missing in the current BetMGM UK odds, but that may change if she ever makes her future intentions clear.

Did You Know?

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Prediction Markets: Kalshi, which is legal to U.S. bettors has several betting markets open for 2028, including the winning party with Republicans at 49% and Democrats at 51%.

Here are the betting odds on Kalshi for the GOP nominee for the 2028 election, with odds from November in parentheses:

J.D. Vance: 44% (57%)
Vivek Ramaswamy: 7% (4%)
Donald Trump: 7% (4%)
Ron DeSantis: 6% (6%)
Donald Trump Jr.: 6% (7%)
Marco Rubio: 5% (Under 4%)

The 22^nd Amendment currently would keep Trump from serving more than two terms in the White House, but he’s included in Kalshi’s odds here.

Here are the betting odds on Kalshi for the Democrat Party nominee for the 2028 election with odds from November in parentheses:

Gavin Newsom: 14% (16%)
Josh Shapiro: 13% (16%)
Alexandria Ocasio-Cortez: 8% (7%)
Pete Buttigieg: 8% (11%)
Wes Moore: 7% (9%)
Michelle Obama: 7% (6%
Gretchen Whitmer: 6% (14%)
Kamala Harris: 5% (2%)

Why It Matters: The 2024 presidential election could go down as the political event that changed prediction markets forever. Billions of dollars were wagered on Polymarket and CFTC-regulated market Kalshi.

Polymarket, which had many prediction markets for the 2024 election, does not currently offer 2028 markets. The decentralized platform allows users to deposit funds using USDC USDC/USD via the Polygon POL/USD network or directly from a crypto account with Ethereum ETH/USD. The platform will be closely watched in the coming months to see who takes the early lead in 2028 election betting.

No candidate has officially declared their intentions to run for president on Nov. 7, 2028. With Trump unable to run for president again, barring a change to the U.S. Constitution, it is likely that Vance would be the frontrunner to win the Republican Party nomination.

The betting odds and prediction markets also list Donald Trump Jr. and Ivanka Trump suggesting that someone in the Trump family could seek to continue their father's legacy.

For the Democratic Party, things could look different in 2028 depending on if Harris, who lost the 2024 election, decides to run again. Harris was the party's nominee after Joe Biden stepped down from the race.

Along with prediction markets, Robinhood Markets HOOD got in on the fun with election contracts offered on the 2024 election winner. After a successful initial venture into politics, Robinhood hinted it could have more sports betting options available in the future.

Sportsbook giant DraftKings Inc DKNG could also have election betting in the future, based on past comments from CEO Jason Robins. DraftKings offered 2024 election betting in Canada.

Robins previously told Benzinga the company is continuing to work with regulators to get election betting approved for states that offer legalized betting. With the election more than three years away, there is a chance that the U.S. could have more legalized betting options for political outcomes the next time a presidential race is decided.

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