Trump Impeachment Odds Surge Amid Legal Peril
President Donald Trump’s week of legal peril has significantly boosted the odds of his impeachment by the House of Representatives, at least as far as the betting markets are concerned.
Indeed, Trump is now rated more likely than not to be impeached during his first term, according to the latest odds offered by Irish bookmaker Paddy Power. Odds of 4/5, an implied probability of 56 percent, are available on Trump’s impeachment before his term ends in January 2021. Conversely, a bet on Trump not to be impeached is currently rated at even money, or 50 percent.
It was a similar story on political prediction market PredictIt, which saw the price on Trump to be impeached in his first term leap to a value of 48 cents, the highest it has been in at least three months.
For the first time earlier this month, federal prosecutors directly implicated Trump in federal crimes. In a sentencing memo for Michael Cohen, prosecutors in New York wrote that the president had directed his former longtime personal lawyer to commit two campaign finance violations. Prosecutors later backed up the assertion that the president was behind the payments to silence two women about their claims of affairs with Trump shortly before the 2016 election when Cohen was sentenced in court to 36 months in prison.
https://www.msn.com/en-us/news/politics/trump-impeachment-odds-surge-amid-legal-peril/ar-BBR23RI?li=BBnb7Kz
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