President Trump

More and More People are Betting on a Trump Impeachment

by
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You can bet on anything nowadays, and while most gamblers still stick to sports, even the world of politics is open to those looking to place a wager. Unsurprisingly, one of the topics attracting the most attention at the moment is whether or not U.S. President Trump will be impeached.

While most bookmakers allow you to place bets on a potential impeachment, or which year the president will leave office, there is also a website which specializes in political betting. 'PredictIt' uses a share-based system in which users aim to buy low, when an event is considered unlikely, and sell high when the tide appears to be turning.

Despite reaching an all-time high of 33¢ yesterday - implying a 33% probability of the president being impeached - at the time of writing, the price for a 'yes' share is 22¢. As the infographic below shows, an increasing number of people are now trying to get in early on what could be a tidy payday should events in Washington continue to escalate. If President Trump is impeached before the end of the year, all holders of 'yes' shares will receive one dollar apiece.



Infographic: More and More People are Betting on a Trump Impeachment | Statista
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