Buckingham Palace Confirms Rumors: Princess Kate Middleton Is Pregnant

Buckingham Palace has confirmed the rumor that has dominated the tabloids in recent weeks.

The Duke and Duchess of Cambridge are expecting a baby, according to an official statement just released by palace officials, who confirm that Kate Middleton and Prince William, both 30, are adding a royal boy or girl to their mix. The new royal baby will obviously be the first for William and Catherine, who married in 2011 after a 10-year on-and-off courtship. He or she will be Queen Elizabeth II's third great-grandchild (after Savannah and Isla Phillips), Prince Harry's first niece or nephew and will make Pippa Middleton a proud aunt.

Gambling sites are already taking bets on the baby's name.