Will President Trump resign or be impeached? Oddsmakers bet on the Republican's uncertain future in the White House
The report also said that with Irish bookmaker Paddy Power, the odds were cut to 2/1, an implied probability of 33.3 percent of Trump's impeachment.
As President Donald Trump's future in the White House appears to be in limbo, oddsmakers across the world have already raised the stakes with strong odds that the 45th president of the United States may not see his full term. People are also betting on whether he will just resign from his position or will he be impeached, according to reports.
With nearly one and a half year of being in the Oval Office, Trump has courted several controversies. An active investigation into the Russian interference in the 2016 presidential elections and possible collusion with his campaign has already begun embroiling several of Trump's close aides, and he is facing even more after his personal attorney, Michael Cohen, implicated him in a federal crime this week.
The Republican was also criticized last month for his Europe Summit, where he drew bipartisan ire by appearing to accept the Russian president Vladimir Putin's denial of Moscow's interference in the 2016 elections. Reports state that following his remarks in Helsinki, where he met with Putin, Trump's impeachment odds were slashed in several markets, according to Newsweek report.
The report also said that with Irish bookmaker Paddy Power, the odds were cut to 2/1, an implied probability of 33.3 percent of Trump's impeachment. The bookmaker is reportedly also offering odds of just 6/4, an implied probability of 40 percent that, for whatever reason, Trump does not make it to January 2021 as president. There are also other odds of 11/2, equivalent to just over 15 percent, that Trump, like Richard Nixon, will eventually decide to resign from office.
Trump has also been criticized for favoring white supremacists and blaming "both sides" after a deadly white nationalist rally in Charlottesville, Virginia and the odds of his impeachment are even stronger in states like Las Vegas.
"With Las Vegas oddsmaker Bovada, the odds are 13/10, an implied probability of 43.5 percent, that Trump will be impeached by the House of Representatives in his first term," Newsweek reported.
There are only two presidents in the American history who have been impeached by the House, Bill Clinton and Andrew Johnson. Both of the former presidents had survived a trial in the Senate following major controversies.
Many think that Trump will be met with a similar fate; several Democrats in the House have also already put forward votes to impeach Trump. However, the Democratic leadership is hesitant to back them just yet because they fear a distraction a few months away from the November midterm elections.