President Donald Trump has been nominated for the 2019 Nobel Peace Prize following his historic Singapore Summit with North Korean leader Kim Jong Un.
Nearly a decade after Barack Obama won the award for his “extraordinary efforts to strengthen international diplomacy,” Trump is being considered for his role in advancing peace on the Korean Peninsula. Norwegian lawmakers Christian Tybring-Gjedde and Per-Willy Amundsen formally submitted his nomination, citing “a huge and important step in the direction of disarmament, peace and reconciliation between North and South Korea.”
The Nobel Peace Prize, overseen by a five-member committee appointed by Norway’s parliament, recognizes those who have made the greatest contributions to international peace and diplomacy. Trump’s official nomination is for 2019, as this year’s deadline passed on February 1, though speculation persists that he may also be under consideration for the 2018 award.
Following the summit, Trump declared on Twitter that “there is no longer a nuclear threat from North Korea,” adding that his meeting with Kim was “a very positive experience” and that the country holds “great potential for the future.”
If successful, Trump would join past American recipients including Obama (2009), Jimmy Carter, Woodrow Wilson, and Theodore Roosevelt. The 2018 Nobel will be announced in October.
Odds Shift in Trump’s Favor
European sportsbooks — where political betting is permitted — have slashed Trump’s Nobel odds. Paddy Power lists him at 1/2 (66.6% implied probability) to win the prize before the end of his first term, while Ladbrokes prices his 2018 chances at 6/4 (40%). The bookmaker, however, sees Kim Jong Un and South Korea’s Moon Jae In as stronger contenders at even money.
In the US, PredictIt’s market for Trump winning in 2018 is less optimistic, with “Yes” shares trading at just 11 cents.
Trump Betting Markets Grow
Bookmakers continue to capitalize on Trump-related wagers. Paddy Power now offers 7/1 odds — down from 12/1 — on Kim visiting the White House, while PredictIt prices the likelihood at 35 cents per share. Odds for the two leaders playing golf together remain steady at 16/1.
Reports also suggest Kim raised the idea of a US-backed casino resort in North Korea, though oddsmakers see little chance of such a project materializing before 2022 (25/1).
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