Moon Jae-in and Kim Jong-un hugMr Kim has stunned the world with his recent diplomacy efforts.
The Nobel Peace Prize is set to be announced tonight and one of the bookies' favourite pairs may come as a surprise — controversial North Korean dictator Kim Jong-un and South Korean President Moon Jae-in.
Key points:
- Odds say that Kim Jong-un and Moon Jae-in could win
- Angela Merkel and Donald Trump are also considered front runners
- The Pope has the same odds as Putin, according to bookies
A total of 331 individuals and organisations have been nominated this year, but with the official list of candidates a tightly-kept secret, who might win is anyone's bet.
Mr Kim and Mr Moon are the most surprising favourite, according to a range of betting websites with markets open for the prestigious prize.
As of Friday morning, Australian betting website SportsBet has the pair as its second-favourite at short odds, just behind German leader Angela Merkel.
According to the will of award namesake Alfred Nobel, the winner "shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses" in the preceding year.