❝ Paddy Power, an Irish betting market with a large presence in the UK, has already declared a winner of the US presidential election.
The market said Tuesday that it is paying out more than $1 million worth of bets on the Democratic nominee because it looks as though Clinton has sealed a win over Republican nominee Donald Trump.
“With national polls showing a healthy lead for the Democratic candidate and Donald Trump’s campaign running into scandal after scandal, Paddy Power believes it’s a done deal and that Hillary is a nailed-on certainty to occupy the Oval Office,” Paddy Power said in a statement.
The move by the betting market comes as Clinton’s odds have edged up in most models, including hitting 85% on the data site FiveThirtyEight’s polls-plus model and 91% on The New York Times’ Upshot model. She has also expanded her lead in national polls to an average of 6.9 points, according to RealClearPolitics.
❝ The betting market saw a similar decrease in probability for Trump.
Couldn’t happen to a nicer bunch of gamblers. If I could access them legally – even though I’ve rarely wagered more than a dollar on anything – I’d place occasional bets with Paddy Power.