President Donald Trump now has a 60% chance of still having his current job at the end of 2018, according to PredictIt.
Call it a Trump rally?
Earlier this week, it was “almost 50-50 that he won’t be in office by the end of 2018,” PredictIt’s co-founder, John Aristotle Phillips, pointed out to CNBC. (His company bills itself as a “real-money binary-options prediction market that tests your knowledge of political events.”)
Trump’s chances of staying throughout next year had dropped as low as 53% on Wednesday, as shown by the PredictIt graphic below, which serves as our Need to Know column’s chart of the day.
During the past week, British bookies said they have received a stream of bets that Trump will depart early. Those wagers came after a report said the president asked since-fired FBI director James Comey to shut down a probe into links between Trump’s inner circle and Russian officials.
See: Trump says this is the ‘single greatest witch hunt’ of a politician in U.S. history
And read: Here’s how impeachment works — and why Trump is safe for now
Gamblers are also betting on why Trump might end up leaving the White House, with treason the favorite:
What will Trump be impeached for? Betting markets say treason most likely, perjury/tax evasion also quite possible. https://t.co/4F7XFQwK0D pic.twitter.com/VfNDAlEOHK
— Albert Ruiz (@databreak) May 19, 2017
The main U.S. stock benchmarks
suffered their biggest drops since September on Wednesday, with many analysts blaming the turmoil in Washington for the selloff, but the market rallied Thursday and was advancing again on Friday.