Political Bettors Unwavering Over Trump Impeachment Odds, Despite Michael Cohen Prison Sentencing

Political Bettors Unwavering Over Trump Impeachment Odds, Despite Michael Cohen Prison Sentencing.

Costfoto / NurPhoto / Getty Images

Key Takeaways

President Donald Trump s longtime attorney Michael Cohen has been sentenced to three years in federal prison after pleading guilty to various crimes he committed, but that isn t impacting the online betting odds of the commander-in-chief being impeached.

Donald Trump impeachment odds Michael CohenMichael Cohen is going to prison, but political odds say his former boss President Donald Trump is staying in the White House. (Image: The Philadelphia Inquirer)

PredictIt, the online exchange that allows users to buy and sell , has three impeachment markets. And all three have remained relatively flat despite Cohen s sentencing on Wednesday.

Will Trump be impeached by the end of 2018? hasn t changed. No shares are trading at an unsurprising 99 cents, given the two weeks remaining in the year.

Will Trump be impeached in his first term? is trading Yes shares at 47 cents (up one cent), and No shares at 53 cents.

Will Trump be impeached by the end of 2019? has Yes shares at 40 cents (down one cent), and No at 60 cents.

The markets show that online bettors aren t buying the notion that Cohen s guilt shortens the odds of .

It s hard to impeach somebody who hasn t done anything wrong and who has created the greatest economy in the history of our country, Trump told Reuters this week. I m not concerned. I think that the people would revolt if that happened.

Impeachable Offenses

Cohen s crimes included arranging hush money payments to women who claimed to have had sexual affairs with Trump. The attorney said the he was responsible for covering up the billionaire s dirty deeds, and he did so out of blind loyalty.

Time and time again, I felt it was my duty to cover up his dirty deeds rather than to listen to my own inner voice and my moral compass, Cohen said at his sentencing. My weakness can be characterized as a blind loyalty to Donald Trump, and I was weak for not having the strength to question and to refuse his demands.

Potentially more damaging to the president is what Cohen still knows. In his guilty plea, the attorney said he would cooperate with Congress and tell all he knows if asked.

Cohen could be a valuable source of information for special counsel Robert Mueller, who continues to investigate Russia s efforts to influence the presidential election.

Trump Responds

After staying relatively quiet (by his standards) during the Cohen trial, the president weighed in on his former attorney s sentencing via Twitter on Thursday morning. By all accounts, the commander-in-chief doesn t seem too concerned regarding his job security and discussion of impeachment.

I never directed Michael Cohen to break the law. He was a lawyer and he is supposed to know the law. It is called advice of counsel, and a lawyer has great liability if a mistake is made. That is why they get paid, the president stated.

Cohen was guilty on many charges unrelated to me … Those charges were just agreed to by him in order to embarrass the president and get a much-reduced prison sentence, Trump concluded.

Article Sources
Seneca Nation and New York State Begin High-Stakes Arbitration Process to Resolve Rev-Share Spat editorial policy.
  1. British Columbia Government Sues Alleged International Money Launderer For Casino Chips

Compare Accounts
×
Seneca Nation and New York State Begin High-Stakes Arbitration Process to Resolve Rev-Share Spat
Provider
Name
Description
Indian Casinos Win $32.4B in 2017, Tribes Considering Sports Betting  President Donald Trump in Las Vegas for Nevada GOP Push: Gaming Operators Applaud Tax Cuts, Billionaire Pals Get Face Time  World Cup Action Heats Up as Germany Looks to Rebound, Belgium and England Hope to Keep Rolling in Weekend  Chickasaw Oklahoma Off-Reservation Casino Challenge from Comanche Nation Dismissed, Leaving Tribe to Dominate  Atlantic City Casinos Thankful in November, Gaming Revenue Surges 20 Percent  World Cup Action Heats Up as Germany Looks to Rebound, Belgium and England Hope to Keep Rolling in Weekend  Texas Democrat Pushing to Bring Casinos to State’s Storm-Prone Coastal Counties  Nevada Tesla Battery Plant Selling Tax Credits to Las Vegas Casinos  Texas Democrat Pushing to Bring Casinos to State’s Storm-Prone Coastal Counties  Despite Lawsuit, Raiders Odds Push Towards Return to Oakland Next Year