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Cardinals Gather in Rome as Betting Frenzy Surrounds Next Pope

Pope Francis lies in state ahead of his April 26 funeral, with speculation intensifying over his successor and Cardinal Parolin emerging as the bookmakers' favorite.

A cardinal arrives at St Peter's Square, on April 24, 2025, in Vatican City, Vatican.
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Cardinal Matteo Maria Zuppi is in third or fourth place on several lists on the growing papal betting market

Overview

  • Pope Francis's death on April 21 ended a 12-year papacy marked by reformist priorities and a focus on the Global South.
  • The late pope's funeral is set for April 26 in St. Peter’s Square, with world leaders expected to attend.
  • Cardinal Pietro Parolin, the Vatican’s secretary of state, is leading betting markets as the most likely candidate to succeed Francis, followed by Luis Antonio Tagle and Matteo Zuppi.
  • The upcoming conclave, involving 135 cardinal electors—108 appointed by Francis—will navigate tensions between continuing his progressive legacy and returning to traditional conservatism.
  • The next pope will face pressing global challenges, including climate change, mass migration, and rising authoritarianism, requiring bold moral leadership.