Nobel Prize in Literature 2025 Winner Announcement Live Updates: Hungarian novelist and screenwriter László Krasznahorkai has won this year's Nobel Prize in Literature. The award is "for his compelling and visionary oeuvre that, in the midst of apocalyptic terror, reaffirms the power of art.” Who the bookies bet on? Bookmakers’ odds rarely get right the Academy’s decision, but they capture the literary world’s hopes and biases. This year, Hungary’s László Krasznahorkai (6/1) was second on Bookies lists, while Australian writer Gerald Murnane lead the betting at 5 The favourites included Mexican author Cristina Rivera Garza (9/1), Japanese author Haruki Murakami (11/1), Romania’s Mircea Cărtărescu, America’s Thomas Pynchon, and China’s Can Xue. What you should know? French poet Sully Prudhomme was the first laureate in 1901, while Sweden’s Selma Lagerlöf became the first woman to win in 1909. France leads with the most laureates (16), while only 18 women have received the award in its 124-year history. Some greats — Leo Tolstoy, Virginia Woolf, James Joyce — were never honoured, while others, like Jean-Paul Sartre and Boris Pasternak, refused or were forced to decline.