Odds of a Benjamin Netanyahu-led government had surged after voting, but have since declined after his bloc fell short of a majority.
The Netanyahu bloc managed to win 53 seats, while the bloc led by opposition leader Gadi Eisenkot managed to win 48 seats and Arab-led parties won the remaining 19 seats.
People Rally For Arab Coalition
According to a report by The Week, thousands rallied in Tel Aviv on Friday demanding a coalition between the Eisenkot bloc and Arab parties.
A report by i24 News has revealed that the Netanyahu bloc is “examining every option” and has not ruled out a coalition with the Eisenkot bloc amid concerns that the latter will partner with Arab parties.
Here’s What the Prediction Market Is Saying
The prediction market is now betting on who will get the mandate to form a government in Israel.
Data from Kalshi, a federally authorized betting platform, shows that over $196,000 has been bet on the contract "Who will get Israel’s first mandate to form a government?"
Eisenkot is in the lead, with an 80% probability, up by 11%. Netanyahu is a distant second with a probability of just 24%, down by 9%.
Disclaimer: Kalshi and Benzinga have an existing data collaboration agreement.
Trump’s Endorsement For Netanyahu
Despite a soured relationship with Netanyahu, President Donald Trump, in a Truth Social post ahead of the elections, endorsed Netanyahu, urging Israelis to vote for the “warrior” prime minister.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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