Paddy Power Politics has shortened President Donald Trump’s impeachment odds following an explosive first day of testimonies related to ‘Ukraine transcripts’, in which the President is charged with seeking dirt on political rival Joe Biden.
Yesterday, US media was gripped as the House of Representatives questioned acting US Ambassador to Ukraine William Taylor and State Department official George Kent on Trump’s exchanges with Ukraine officials.
President Trump is accused of withholding nearly $400 million in military aid, pressuring Ukraine’s new president Volodymyr Zelensky into launching a public inquiry into his 2020 Democratic rival Joe Biden and his son.
Updating its US political betting markets, Paddy Power has priced the chances of ‘Trump being impeached in his first term at odds-on 1/5 – which represents around an 83% chance and the shortest price it has ever been.
Nevertheless, Republicans sitting on the House Intelligence Committee have fought hard against Trump’s allegations by referring to proceedings as a ‘partisan sham’ by the Democrats, with Paddy Power pricing 3/1 that ‘Teflon Don’ avoids impeachment again.
Meanwhile, the chances of Trump resigning are much less likely – currently 1/12 (92% chance) against 5/1 that he will quit the White House.
Despite the President’s mounting troubles, Paddy Power maintains that Trump is still favourite for re-election in the 2020 presidential race, where The Donald maintains odds of 6/5.
Spokesman Paddy Power said: “A Donald Trump impeachment is likelier than ever according to the odds, as the first public hearing begins today.
“It’s the latest event in the Trump circus we have become used to – though we think it’s highly unlikely he’ll ‘do a Nixon’ and resign before he can be impeached.”
Paddy Power – Trump Update
1/12 Donald Trump not to resign
1/5 To be impeached in his first term
2/9 To complete his first term
3/1 To avoid impeachment
5/1 To resign