President Donald Trump is facing a second Congressional effort to impeach him over his role in inciting a deadly riot on Capitol Hill, an effort that predictive market traders expect to bear fruit. Yet, Smarkets traders also see equivalent odds that Trump will once again survive the effort, just in time to see President-elect Joe Biden take his place in the Oval Office.
Smarkets data. Political bettors also foresaw the likelihood that Trump would refuse to accept the election results once it became clear that he had lost. Republican unity has begun to show cracks, with at least two GOP Senators called for the president to resign amid swirling speculation that his cabinet could invoke the 25th amendment to remove him — an event that US-Bookies bettors assign 4 to1 odds. Javier David is an editor for Yahoo Finance. Follow Javier on Twitter: TeflonGeek. Read the latest financial and business news from Yahoo Finance.
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The following odds are from Bovada:. Each sportsbook sets its own odds, so the chances that Biden is impeached may differ between oddsmakers. The following is a list of current impeachment odds from multiple different books:. As you can see, some Vegas election sportsbooks are offering odds on Biden impeachment. While these lines are popular, we advise taking the "No. Further, it is not at all likely that "Big Guy" Biden and son Hunter will be investigated or prosecuted for their involvement in the Ukrainian Burisma energy scandal, given that those details were already well known when the DNC chose Biden as its candidate in Biden will likely step down at some point, but he won't be impeached or removed via the 25th Amendment.
The party — and its complicit mainstream media arm — will have to present the forthcoming Biden resignation as voluntary and dignified. As we suspected, Trump — win or lose — was impeached again. While Trump impeachment news hit a fever pitch following the protests in Washington DC on January 6, , the real reason the left impeached him and wishes for the Senate to convict the former President is so he cannot run again in Trump is, after all, the current betting favorite to win the GOP nomination in the next election.
All that said, though Trump impeachment part two seems like a pipe dream for conviction in the Senate, you can find betting odds on whether or not the Senate will find him guilty of the phony charges brought against him for "inciting riot" and other such rot.
You can also bet on political props like the exact number of Senators to vote for conviction. Right now, though the Trump impeachment vote was successful in the House, it probably stops there. In the Senate, impeachment of Donald Trump will likely be dismissed, with Trump acquitted for a second time. The mainstream media falsely asserted that then-President Trump "incited violence" by calling for a peaceful, lawful, constitutionally protected protest on Capitol Hill for the January 6 validation of the electoral college votes for the November general.
There was some limited violence at the ,person protest, and though Trump disavowed such actions, the motive was to paint him as the chief culprit so he would not be able to run for public office again. The Trump impeachment trial is all about the desperation of the left, and it's an attempt to remove "Trumpism" i. It will not work, as every Trump impeachment poll shows the move to be highly unpopular with a public that is not interested in further division and political rhetoric between the two prominent parties.
At the very least, we should at least get some decent Trump impeachment memes out of the whole thing. Trump was alleged to have withheld military funding from the Ukraine unless the foreign government provided "dirt" on Joe Biden and Hunter Biden activities with the now-defunct Burisma energy company. No such deal was proposed in reality, and Trump was eventually acquitted by the US Senate.
On July 25, , Trump and Ukraine President Volodymyr Zelensky shared a phone call to discuss various issues, including Joe Biden's and Hunter Biden's involvement in the firing of a Ukrainian prosecutor investigating Burisma Holdings Limited, the discredited Ukrainian petrochemical company for which Hunter Biden sat on the board. According to a White House "whistleblower" complaint, Trump threatened to withhold military aid from Ukraine unless the country investigated the Biden family and their dealings in Ukraine.
The transcript of the call, released by Trump, did not demonstrate this. However, the Democrats in the US House quickly changed the narrative to implied rather than explicit statements of record. House Speaker Nancy Pelosi announced a formal impeachment inquiry on September Aside from the original "whistleblower," more whistleblowers were ready to come forward, according to their legal teams.
This did not happen, and Trump sailed through impeachment without any negative impact to his polling numbers or approval ratings. Officially, the inquiry was launched by Speaker of the House Nancy Pelosi, so she was one of the biggest driving forces behind the proceedings.
On December 18, , Donald J. On February 5, , Trump was acquitted easily on both counts, with the Democrats failing to come remotely close to the vote threshold in the Senate needed to convict. Romney is the only person in history to vote against a member of his same party in an impeachment trial. It remains to be seen how this will affect his future in UT politics. Impeachment proceedings include a couple of key steps that must be followed by Congress to legally remove a president.
Before Trump, only two former presidents have ever been impeached, although a third narrowly avoided impeachment by resigning. Andrew Johnson was impeached in primarily due to his violation do the Tenure of Office Act. After his impeachment, Johnson was cleared of all charges during his trial and remained in office.
In , Bill Clinton was charged with perjury and obstruction of justice. Like Johnson, Clinton was acquitted and remained in office. In December , Donald Trump was impeached, but after a six week process, the Senate found him not guilty and he was acquitted. In Trump's case, impeachment had a positive effect on both his polling and re-election odds.
Trump was impeached for a second time in January , making him the first US President to be impeached twice. Impeachment proceedings were also brought against Richard Nixon related to his involvement in the Watergate Scandal, but he stepped down as president in before he could be convicted of obstruction of justice, abuse of power, and contempt of Congress. The volatility of political odds is unpredictable, especially with something as uncommon as presidential impeachment.
Impeachments have no set time. As for the acceptance of bets, Vegas sportsbooks can't actually take your money on impeachment odds, which means you'll have to stick with offshore political betting sites. This was a common political prop ever since Trump was acquitted by the Senate in early However, following the "insurrection" on Capitol Hill on January 6, which was far more peaceful than the "mostly peaceful protests" that ravaged American cities throughout , Trump has been accused of inciting violence.
This, despite his calls for peaceful protests in accordance with the law. Nevertheless, with the Democrats controlling both houses of Congress come January 21, , the party has been emboldened to again impeach the now former President, with a Senate conviction thereby preventing him from being the Republican Presidential nominee in As for whether or not Trump's second impeachment will bear fruit for the Democrats, that seems like a longshot. Conviction is not likely in the upper chamber, as it requires 67 votes in the Senate, which is now split along party lines.
Is betting on Presidential Vegas impeachment odds legal? Offshore sportsbook refunds bets on Super Bowl streaker. February 10, - pm February 10, - pm. February 9, - pm February 9, - pm. Worst bad beat in Super Bowl involves Italian soccer. Nevada Super Bowl betting handle lowest since February 9, - am February 9, - pm. Glitches cause issues for some betting outlets during Super Bowl. February 8, - pm February 8, - pm. Chiefs favored over Buccaneers to win Super Bowl. February 8, - am February 8, - am.
Sportsbooks surprised how Bucs dominated Mahomes in Super Bowl. February 7, - pm February 7, - pm. Bettors sweat Super Bowl prop bets to end amid blowout. February 7, - pm February 8, - am.