Donald Trump’s abrupt firing of FBI director James Comey, who was leading an investigation into possible collusion between the 2016 Trump campaign and Russian hackers seeking to influence the election, has led to a significant change in calculus for bettors.
“In the past 24 hours alone we’ve seen money for Trump to be impeached in his first term, resulting in us cutting the odds from 10/11 into 4/6,” Irish bookmaking firm Paddy Power said in The Independent on Thursday.
“We can attribute this to the news of Comey’s sacking. [That] is the shortest we’ve been for Trump to be impeached in his first term.”
Those odds now put the possibility of a Trump impeachment in his first term at about 60 percent.
A spokesman for betting comparison site Oddschecker said: “Donald Trump to be ousted from the White House before his finishes his first term has been a popular bet since he came into power, however following his recent actions there’s been a surge of activity for this to happen before the end of the year.
“In the months following his inauguration, 58 percent of bets placed were on Trump leaving office in 2020 or later. However, since Tuesday’s shock sacking, 60 percent of bets have been on him leaving in 2017 at 2/1, a price which has shortened from 9/2 in the same time-period.”