Vegas is betting on Trump announcing his 2024 reelection bid during highly-anticipated CPAC speech

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President Donald Trump speaks to supporters at a campaign rally at Las Vegas Convention Center on February 21, 2020 in Las Vegas, Nevada. Mario Tama/Getty Images
  • Vegas betting odds suggest Trump will declare his 2024 reelection bid at CPAC on Sunday.

  • The former president is expected to use his speech to talk about the future of the Republican Party.

  • Many CPAC attendees have already said they would vote for him if he decided to run again.

  • Visit the Business section of Insider for more stories.

Vegas is betting on Former President Donald Trump announcing his 2024 election bid during his highly-anticipated speech at the Conservative Political Action Conference (CPAC) in Orlando, Florida, on Sunday, according to Fortune.

The former president will be making his first public appearance since leaving the White House last month.

He is expected to use the speech to talk about the future of the Republican Party and the conservative moment and criticize President Joe Biden's efforts to undo his immigration policies, Reuters reported last week.

But the big question remains whether Trump will use his time on stage to announce his run for president in the 2024 election.

As of Friday morning, those odds were 4 to 5, according to betting aggregators This suggests that 55.6% implied the probability that Trump would put his name on the list.

"The betting markets seem confident that Trump will declare his candidacy during his speech, but not so much that he'll be doing so as a member of a party that isn't the GOP," said a US-Bookies spokesperson according to Fortune. "The odds of Trump running in 2024 and not representing the Republican party are 4 to 1, which equates to just a 20% chance."

More than a dozen CPAC attendees interviewed by the Wall Street Journal have already said they would back Trump if he were to run again in 2024.

A Politico-Morning Consult poll published three days after Trump's acquittal in his second impeachment trial found that 54% of Republican voters would back Trump in the primary.

"I want President Trump to announce that he's going to stop President Biden," Trump supporter Veronica Sullivan told the Wall Street Journal this weekend. "I want Trump to say that Biden is not the president … and he's going to be running again."

Earlier this week, Utah Sen. Mitt Romney said that Trump likely would win the GOP presidential nomination if he decided to run again in 2024.

"He has by far the largest voice and a big impact in my party," Romney said during a New York Times virtual event on Tuesday, according to Fortune. "I don't know if he's planning to run in 2024 or not, but if he does, I'm pretty sure he would win the nomination."

Romney has been a vocal opponent of the former president is the only Republican who voted to convict Trump in both of his impeachment trials.

Trump lost the 2020 presidential election to Biden, who beat him by more than 7 million ballots in the popular vote.

Read the original article on Business Insider