The US Constitution limits presidents to two terms in office.
Despite the constitutional two-term limit, betting markets are considering US President Donald Trump as a leading contender in the 2028 election, according to data reported by Newsweek.
The article, published on Saturday, states that British bookmaker William Hill places Trump as the second most likely winner of the next presidential election with 5/1 odds, implying a 16.7% probability of him winning a third term.
Vice President J.D. Vance is currently the favorite, with odds of 5/2 (28.6%). Donald Trump Jr., Trump’s oldest son, follows with 9/1 odds (10%). Democratic Governors Josh Shapiro of Pennsylvania and Gavin Newsom of California are also among the top five contenders, with odds of 9/1 and 10/1, respectively.
Trump secured a decisive victory in the 2024 election against Democratic candidate and then-Vice President Kamala Harris, becoming only the second president in US history to serve two non-consecutive terms.
The 22nd Amendment to the US Constitution restricts presidents to a maximum of two terms. This amendment was adopted following Franklin D. Roosevelt’s unprecedented four consecutive terms.
Trump has frequently joked about potentially serving more than two terms. Former White House strategist Steve Bannon recently claimed that Trump intends to run again in 2028 and that his team is exploring ways to circumvent the constitutional restrictions.
A William Hill spokesperson told Newsweek that while repealing the 22nd Amendment would be challenging, Trump might attempt it given his support within Congress.
“Trump ally Steve Bannon predicted this week that the POTUS would run for a third term and win, so there’s certainly a feeling that it could be possible, and we’re not taking any chances as we’ve installed him in our next president market at 5/1, behind only favorite J.D. Vance,” the spokesperson stated.
Constitutional amendments require approval by a two-thirds majority in both the House and Senate, followed by ratification by three-quarters of US states.