It probably won’t come as much of a surprise to learn that online betting sites are showing a sharp increase in people betting that Donald Trump will be vacating the White House well before the end of his term.
Rawstory reports that this week has seen a dramatic jump in people putting down money of the likelihood of Trump either being impeached and removed from office, or of him resigning.
It’s been a crazy week of bad news and major gaffes for the historically inept White House. We learned that Trump bragged his way to spilling top secret intelligence to the Russians. We found out that James Comey was fired because Trump was thinking about the Russia investigation. And that Trump tried to get Comey to drop the investigation into Gen. Flynn (and the Russians).
— VICE Video (@VICE_Video) May 17, 2017
Last night a special counsel was appointed to oversee the whole gigantic mess.
So needless to say, the odds of Trump ending up back at Trump Tower soon are increasing exponentially.
Infographic: More and more people are betting on a Trump impeachment https://t.co/LozGkBGSNP
— Mike Canan (@Mike_Canan) May 18, 2017
On Monday, according to Rawstory, the political stockmarket site Predictit showed only seven percent of bettors putting money on the probability of impeachment. By late Tuesday, that number had shot up to 30 percent.
On a similar betting site out of Britain, bettors laid down almost $7,000 dollars on an early Trump exit in the hours after the Comey memo was revealed to the press.
And on the site Ladbrokes, also out of Britain, so many people were betting on Trump leaving office early that the site had to change its odds. At the moment it is showing 4/6 odds of Trump resigning or being removed. That’s a roughly 56 percent likelihood of it happening.
I suppose it should be encouraging in some strange way to see that the fiasco of the Trump administration is managing to earn some people an income. Personally, the past four months have been so unpredictably insane that I wouldn’t dare to risk a dime on anything.
I’m keeping my money under the mattress, where it will be accessible if the grid goes down, the North Koreans hack our infrastructure or Trump sells us to the Saudis.