Bettors on both sides of the Atlantic are ramping up wagers in niche online markets over whether Donald Trump will serve out a full term as a US President in the wake of controversies surrounding the dismissal of FBI Director James Comey.
As per mentioned in Reuters, on online political stock market PredictIt, chances of Trump being impeached in 2017 hit a record 30% late Tuesday on heavy volume, following reports of a memo written by Comey that said Trump had asked him to end the FBI’s investigation into ties between former White House national security adviser Michael Flynn and Russia.
At one point early on Wednesday, the price of a ‘yes’ jumped to a record 33 cent, implying a 33 percent profitability that Trump would be impeached. That compares with only 7 percent just over a week ago. However, by the late in the day, the price had slid back to 27 percent, just above where it ended late Tuesday at 24 percent.
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PredictIt is jointly run by Washington political consultancy Aristotle and Victoria University in Wellington, New Zealand. All of its users are registered US voters.