Canadian Prime Minister Mark Carney briefly became the favourite Monday for the 2026 Nobel Peace Prize on Kalshi, a US-based prediction market, when traders on the exchange put his chances at 14%.
His odds later fell, illustrating the highly speculative nature of the wagering.
The buzz about the Canadian leader possibly winning the esteemed peace prize reflects the message that has raised his profile, that middle powers should band together to defend sovereignty as great powers increasingly use economic and military leverage.
US President Donald Trump, who has been feuding recently with his Canadian counterpart over tariffs, has long coveted the award.
Trump has repeatedly complained about not receiving the Nobel, saying in July that he "should have won that award more than anybody."