Trump's Odds of Impeachment Just Spiked on the Betting Markets [View all]

[DonViejo]

By Adam K. Raymond

May 17, 2017
11:33 am

Donald Trump’s remarkable ability to persevere in the face of seemingly ruinous scandal may be at risk this week, as the uproar over his firing of James Comey gets louder by the day. Now, with the revelation that Trump directly asked Comey to end the probe of Mike Flynn and that Comey documented this request in a memo, the president’s chances of being impeached are surging on betting markets.

On the New Zealand–based PredictIt, Trump’s odds of impeachment hit 30 percent Tuesday night after news of Comey’s memo broke.

Link to tweet

The British broker Patty Power was providing much better odds on a Trump impeachment Wednesday, putting the likelihood at 60 percent. “Paddy Power customers have been lumping on Trump to come undone,” a spokesman told Politico.

Those customers will be happy today if they turn their eyes to the House, where more and more members of Congress are uttering the I-word.

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http://nymag.com/daily/intelligencer/2017/05/trumps-odds-of-impeachment-spiked-on-the-betting-markets.html