What happened?
U.S. President Donald Trump expressed interest in running for a third term, even though the Constitution prohibits it. Despite having the best poll numbers, he acknowledged that it is unlikely he will pursue another term. The 22nd Amendment of the U.S. Constitution limits presidents to two terms, making any attempt for a third term unconstitutional.
Who does this affect?
This situation affects both political supporters and opponents of Donald Trump, as well as potential candidates for future presidential elections. Vice President JD Vance, among others like Marco Rubio and Ron DeSantis, are considered possible contenders in 2028 according to bettors on Polymarket. The American public and political landscape could be significantly impacted by discussions around term limits and potential candidacies.
Why does this matter?
Trump’s statements have sparked discussions and bets in prediction markets, impacting political sentiment and investment in prediction-based platforms like Polymarket. Market participants are actively betting on future presidential races, with skepticism toward a third Trump term reflected in low betting odds. These developments highlight the ongoing influence of Trump’s political career on market dynamics and public perception of upcoming elections.