Traders are betting odds that Trump acquires Greenland are up to 16%

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Traders are betting odds that Trump acquires Greenland are up to 16%, per Polymarket.

President-elect Donald Trump's Republican allies in the U.S. House of Representatives are working to gather support for a bill authorizing negotiations to purchase Greenland, according to a draft of the bill shared with potential co-sponsors on Monday.

The legislation, titled the "Make Greenland Great Again Act," is being spearheaded by Republican Representatives Andy Ogles and Diana Harshbarger. Fox News Digital first reported the draft, which had garnered support from 10 co-sponsors as of Monday morning.

Why It Matters

Trump has expressed a desire to make Greenland part of the United States, suggesting he would not rule out using economic or military pressure to persuade Denmark to transfer control of the island. Following the November 5 elections, Republicans secured a narrow majority in both the House and Senate, positioning them to push forward initiatives aligned with Trump's agenda.

Key Details in the Bill

If passed, the legislation would authorize the president to begin negotiations with Denmark on January 20, 2025, the day Trump is inaugurated.

• The draft states:
  "Congress hereby authorizes the President, beginning at 12:01 p.m. Eastern Standard Time on January 20, 2025, to seek to enter into negotiations with the Kingdom of Denmark to secure the acquisition of Greenland by the United States."
• It further specifies:
  "Not later than 5 calendar days after reaching an agreement with the Kingdom of Denmark relating to the acquisition of Greenland by the United States, the President shall transmit to the appropriate congressional committees the agreement, including all related materials and annexes."

Background

Greenland, a semi-sovereign territory under Danish control, has been part of the Danish realm for centuries, first as a colony and now under a degree of self-governance. Any change to its legal status would require amendments to Denmark’s constitution.

Prime Minister Múte Egede, who has been vocal about Greenland’s aspirations for independence, has repeatedly stated that the island is not for sale. He has emphasized that the decision regarding Greenland's future lies with its people.