The U.K. website Betfair reported on Wednesday that British gamblers are betting against President Donald Trump’s ability to last even one term in the White House.
Hours after watching American media reports that Trump “had asked his then-FBI Director James Comey to shut down an investigation into ties between former White House national security adviser Michael Flynn and Russia,” British bookmakers reportedly put more than 5,000 pounds ($6,470) down “on an early departure for Trump,” citing concerns that the U.S. president’s “economic reforms could be slowed and he might even face the threat of impeachment” will lower the value of the dollar.
According to U.K. betting markets, “The odds on Trump failing to see out his four-year term dropped to 5/6 from evens on Betfair, implying a 55 percent chance that he will leave.”
Betfair is also offering odds of 12/5 percent “that Trump would leave office this year, implying a 27 percent chance that he would depart.” Betfair noted that “the odds for such an early departure had never been shorter.”
Ladbrokes, another British bookmaker, cited the same statistics, giving 4/5 odds on Trump “leaving office via impeachment or resignation before the end of his first term.”
Spokeswoman Jessica Bridge noted that at Ladbrokes, gamblers have put 50,000 pounds down on various wagers regarding Trump’s future, including bets on whether or not he would be impeached and what year he might be replaced. “Barely a day goes by without a Trump scandal, but money talks, and punters are becoming increasingly convinced the president could be impeached sooner rather than later,” said Bridge.
Political betting markets have been trending in the U.K. during the past several years, with people wagering millions of pounds in 2016 prior to Britain’s referendum on European Union membership. However, the 2016 U.S. presidential election was the most popular political event to ever be gambled on.
Earlier this year, a ban on betting on politics in France sparked British bookies’ biggest market prior to the unpredictable presidential election in France, which has contributed to the growing enthusiasm for this new craze in gambling.
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