Presidential Impeachment Odds 2024
Is it legal to bet on whether or not a President Donald Trump will be impeached? It doesn’t happen often, but when articles of impeachment are considered or brought against a sitting US President, you can expect there to be significant interest from the betting public.
If you think you know how the political world is trending on the subject of Presidential impeachment, it makes sense to put a few dollars on your hunch. However, to do so, you’ve got to know where to legally bet on political odds in the first place, so read on to find out!
Is Presidential Impeachment Betting Legal In 2024?
Yes, you can wager on Presidential impeachment at any reputable sportsbook that offers lines on it. However, we have yet to find the opportunity to do so at any domestic US betting sites or brick-and-mortar venues, as political betting seems to be shunned (or even legally banned) by US-regulated sportsbooks. As a result, your best option is to use an offshore election betting site in order to get in on the action.
There are no federal online gambling laws that make it a crime to place bets on politics or to do so at offshore betting sites that are operating legally in countries where online gaming is permitted.
Best Legal Presidential Impeachment Betting Sites 2024
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Joe Biden Impeachment Odds
While there were some whispers in 2020 and 2021 of a potential Joe Biden impeachment, the President is currently in the clear for any legitimate challenge to his authority.
Still, there are political betting odds on the boards that ask whether or not he will make it to the end of his first term and lines for his exit date that include years that are prior to 2024 as a part of the action.
While those US election odds do not specifically forecast a Biden indictment, they do allow betting on that outcome, assuming that the charges stick and they result in the current President's ouster.
Should President Biden encounter the potential for any legal charges prior to 2024, odds for his indictment will certainly appear again at legal online political sportsbook sites.
Will Joe Biden be impeached during his first term as President?
- Yes +300
- No -450
Will Joe Biden finish his first term as President?
- Yes -400
- No +275
Hunter Biden Trial: Odds For Any Guilty Verdict
- Yes -200
- No +150
Will Joe Biden Pardon Hunter Biden?
Yes +300
No -450
Did Trump Get Impeached?
Yes, and twice! In 2019, the Democrat-controlled US House of Representatives successfully impeached President Trump for the charges of "abuse of power." He was impeached by a vote of 230-197, with almost all votes falling along party lines. Trump was not removed from the White House; however, the Senate, controlled by the GOP, voted to acquit him of all charges.
In 2021, Trump was impeached again, this time for "incitement of insurrection." The House voted again along party lines, sending the case to the Senate. There, 57 Senators (including seven GOP Senators) voted for conviction, far short of the 2/3 threshold required. Trump was acquitted on Saturday, February 13, 2021.
Where Can I Legally Bet on Presidential Impeachment Odds?
Impeachment betting is the most popular category or market for legal political betting right now, as presidents are as unpopular as ever. It is the water-cooler discussion of the last three terms, and there’s no getting away from it.
All of the sportsbooks we recommend on this page cover the odds for Trump, Harris, or Biden to be impeached,
Best Funding Method For Legal Impeachment Betting
While there are several ways to load up your betting accounts at legal online casinos and sportsbooks offering impeachment odds, Bitcoin is the best funding method. Bitcoin not only provides a safe, secure, anonymous way to wager on impeachment online, but it’s also the best way to receive payouts. When betting at offshore sites, Bitcoin is the only same-day withdrawal method offered.
Plus, using fiat money to bet on the ouster of the highest-ranking government officials just seems wrong. Bitcoin takes the government out of the game, so you can bet on taking the government out of the game! And that is unimpeachable!
Donald Trump Impeachment 2019-2021
Donald Trump won the 2016 Presidential election as a massive betting (and polling) underdog, and his victory is now the second most controversial in history (after his November 2020 loss).
Effectively half of the US population believed that Trump had outside foreign assistance, while the other half thought that Trump had been unfairly vilified by biased media and various outspoken career politicians. That never changed during his years in office, and it's not changed now as of 2021.
In 2019, the US House of Representatives successfully impeached Donald Trump, but the US Senate acquitted him. However, Trump – despite losing reelection – was impeached again in January 2021, becoming the first POTUS to be impeached twice.
Naturally, the top sites where legal online betting is offered posted betting odds on the chances of that second impeachment occurring, as well as Trump's Senate conviction odds and other related political prop bets.
Pros And Cons Of Presidential Impeachment
Impeaching a sitting President is a huge risk for both sides of the political spectrum. The process is based on a calculus that considers any potential fallout from initiating the process, whether it remains an inquiry, full-blown impeachment, or removal from office.
Pros:
- Upholding law and order to show that nobody – not even the President of the United States – is above the law
- Removing a President who has shown conduct detrimental to domestic and national security
- Addressing and correcting perceived fraudulent activity on the part of the President or those working under their direct orders
Cons:
- Alienating significant voter blocs
- Convincing a large number of voters that their votes did not count
- Risking Congressional re-election in the US House and Senate for those supporting (or opposing) the impeachment process
- Galvanizing opposition party voter turnout in future elections, harming the party that brought impeachment charges
- Potentially delegitimizing the fundamental election process in the eyes of the President’s supporters
- Civil unrest and global instability