The winner of this year’s Nobel Peace Prize is set to be named on Friday, with Donald Trump the bookies’ favourite to be the next laureate after Israel and Hamas agreed to his Gaza peace plan.
Bookmakers are currently offering odds as high as 2/1 on the United States president securing the prestigious award, ahead of Sudan’s Emergency Response Room at 5/2.
Trump's odds were slashed after his peace plan for Gaza was agreed by the warring sides.
💬 Comment: Donald Trump deserves the Nobel Peace Prize if this Israel-Palestine deal works
Mr Trump has made it clear he wants to win the Nobel Peace Prize for having “ended six wars” during his two presidential terms.
He has taken credit for stopping Iran and Israel's "12-day war", the India–Pakistan conflict, and border tensions between Cambodia and Thailand.
Mr Trump told Israeli prime minister Benjamin Netanyahu at the White House in December: “I deserve it, but they (the Norwegian Nobel Committee) will never give it to me."

Over the course of his political career, Mr Trump has been nominated for the award more than 10 times, including by Mr Netanyahu.
The social media account of the office of the Israeli Prime Minister published an AI-created image of the president on Thursday of Netanyah hanging a medal around his neck , with the caption: “He deserves it.”
Give @realDonaldTrump the Nobel Peace Prize - he deserves it! 🏅 pic.twitter.com/Hbuc7kmPt1
— Prime Minister of Israel (@IsraeliPM) October 9, 2025
Nevertheless, the five-strong committee does not publish a list of candidates before the winner is announced in the Swedish capital Stockholm.
Nina Graeger, director of the Peace Research Institute Oslo, has suggested that recent developments in the Middle East may have come too late for Mr Trump.
She told Sky News: "By this stage, the laureate will already have been chosen, and speeches prepared ahead of Friday's announcement.

"However, if Donald Trump's 20-point plan will lead to a lasting and sustainable peace in Gaza, the committee would almost certainly have to take that into serious consideration in next year's deliberations.”
Named after the late Swedish chemist and dynamite inventor Alfred Nobel, the prize is awarded to a figure or group "who has done the most or best to advance fellowship among nations".
There are a total of 338 candidates in the running for the 2025 prize, of which 94 are organisations and 244 are individuals.
It is unclear whether Mr Trump was nominated or accepted as a candidate before the January 31 deadline.
Previous winners of the prize include Mr Trump’s predecessor Barack Obama, Nelson Mandela and Malala Yousafzai.