Will Donald Trump Be Impeached in 2017?

The volatile state of politics and the presidency in the United States has spurred a lot of online gambling in the form of bets. These range from whether or not the current president, Donald Trump, will serve out his complete four-year term or be impeached, to which political party will win the White House in 2020. Online gambling guides around the internet are serving up predictions and bet offers based on these chaotic current events, and lots of people are plunking down their cash on what seems to them like an almost certain thing.

While online gaming sites let people play video poker, realistic craps or roulette, or even find slot games for windows phones, sports betting sites are the place to find an impeachment wager.

Some of the sites are taking bets about how long the troubled Republican can remain in office without being removed, and others are accepting less specific bets on him still being in office when his term expires in January 2021.

Betting volumes shot up, predictably, when Trump dismissed Federal Bureau of Investigation Director James Comey. Seen by many people as an attempt to cover up for the Trump-Russia investigation, it is expected that Trump will see Obstruction of Justice charges brought against him due to this firing.

In the United States, online political stock platform PredictIt has seen record betting volumes over the last several weeks pertaining to Donald Trump. In fact, when the memo from Comey was released that alleged Trump had asked him to squash the FBI investigation pertaining to former NSA Director Michael Flynn, more than 100,000 betters signed up to its “Will Donald Trump Be Impeached in 2017?” contract.

The UK’s Guardian newspaper has reported an increase in the price for a “yes” Trump impeachment contract, recently jumping from 24 cents to 33 cents in one day. This implies a 33 percent probability that impeachment is imminent.

Also in the United Kingdom in the hours just after the Comey and Russia conundrum, bookmaker Paddy Power Betfair took thousands of dollars of impeachment bets, a fund which now stands at nearly half a million dollars. Rival firm Ladbrokes cut the odds on their bet for impeachment from 11/10 to 4/5, which equates to roughly a 56 percent probability that he will be impeached.

Ladbrokes stated that people are wondering how much more scandal Trump can overcome, and that money is pouring in for bets on him being impeached.