Politics

Bookies Are Taking Bets On Trump's Impeachment

| by Sarah Zimmerman

Bookies from around the world are collecting bets on whether President Donald Trump will face impeachment before the end of his first term in 2020.

From the president's unfounded accusations of wiretapping to his campaign's connections to the Russians, the Trump administration has seen a rocky first 100 days in office. Many believe that it is only a matter of time before Trump either resigns or is impeached.

In fact, some are even betting on it. People from around the world have been using the British betting website Ladbrokes to place money on Trump's future in office, according to Independent Australia. The website currently places the odds of impeachment or resignation at 10/11.

Other betting sites have gotten in on the action, too. Prominent Irish bookie Paddy Power tells PBS that he runs a site purely dedicated to placing bets on predicting the U.S.' political future. His site places the odds of Trump's impeachment at 6 to 4, or 40 percent.

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However, people aren't solely betting on Trump's impeachment. According to the Paddy Power's website, you can place bets on everything from if Attorney General Jeff Sessions will resign to if Trump will confirm that "he's had some form of hair surgery."

"There’s 100 open bets on Trump, different markets on Trump at the moment," Power tells PBS. "The politics trader literally can’t handle the volume, so we’re hiring a Trump betting expert."

It's also possible to bet on the exact reason Trump will be impeached, and Paddy Power's website gives users the option to choose from tax evasion, perjury, bribery, or treason.

"From a betting perspective, Donald Trump’s presidency has triggered a massive boom for these kinds of markets," Alex Donohue, public relations manager of Ladbrokes, tells Politico. "With Donald Trump, everything he does, it can be turned into speculation, and that can be turned into gambling."

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Ladbrokes has taken in hundreds of thousands of dollars in bets since Trump was elected. The company notes that while this is less than the "millions and millions" they received during the election, it is more than what's usually placed at the start of a new administration.

Politico notes that impeachment is unlikely given the Republican controlled Congress. And, although Trump is the least popular newly-elected president in modern history, he still has a core of supporters that are unlikely to turn their backs on him any time soon.

Foreigners, however, still have their doubts about Trump.

"With such little political experience and a rocky start in the White House, it’s understandable people have their doubts on Trump," says Lewis Davey, spokesman for Paddy Power.

Sources: Independent Australia, Paddy Power, PBS, Politico / Photo credit: Hilary Halliwell/Flickr

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