Prince Harry and Meghan Markle are going to be second-time parents this summer to a baby girl. The couple confirmed their baby's gender when they sat down with Oprah Winfrey for a televised interview on March 7.

The Duke and Duchess of Sussex are expectedly elated with this baby news since they already have an almost two-year-old son, Archie Harrison. Harry even exclaimed to Winfrey that he could not ask for anything more as they now have a boy and a girl in their growing family.

Since the baby's gender reveal on Winfrey's show, betting sites have had a swirling number of guesses as to what name Harry and Meghan might give their daughter. According to Betfair, "Diana" has been definitely on the top of the list because the Sussex couple will likely give tribute to Harry's mother, the Princess of Wales.

The Duke and Duchess of Sussex have referenced Diana a lot of times in their interview with Winfrey. Specifically, Harry said that he felt fear with history repeating itself with the media's attack on his wife.

Harry has blamed the British tabloid press for being a big part of his mother's untimely death because the paparazzi was on the scene of Diana's accident. Reports stated that they were chasing her car but her driver also had a few drinks and was not in the best condition to drive fast.

The Duke of Sussex also said that the royal family cut off his finances and security in the first quarter of 2020. He and Meghan are getting by with the money the Princess of Wales left for her sons and they also have secured deals with Netflix and Spotify to finance their security and lifestyle.

But aside from Diana, the punters also think that Harry and Meghan would consider "Oprah" for the baby's name. However, the odds for this are only 16 to 1.

Harry and Meghan have developed a special friendship with Winfrey. The couple lives a few doors next to the TV talk show host in Montecito. Winfrey and Harry are also working together on a mental health documentary for Apple TV+, which has been in development since 2019.

Meanwhile, the couple experienced a devastating pregnancy loss in July 2020 so this daughter is their rainbow baby. Harry previously said to a friend that he only wants two children.