As Parliament is due to be given another chance to vote for a general election on Monday, making it the second opportunity this week, Paddy Power has made it odds-on that MPs will choose to vote against an early election. Boris Johnson has faced a difficult week in Westminster, having faced a party rebellion, a number of resignations and a …
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Triggered… Paddy Power suspends UK General Election markets
Updating its UK political markets, Paddy Power becomes the first bookmaker to suspend wagering on a UK 2019 General Election being triggered, following news that Prime Minister Boris Johnson has called for a senior cabinet meeting later this afternoon. Commenting on market trading, Paddy Power details that odds on a General Election being officially announced had fallen from 2/5 this …
Read More »No-Deal Brexit trading hits lowest trading price on Betfair Exchange
Following Boris Johnson’s controversial decision to prorogue parliament next month, the Betfair Exchange reports that the odds of a ‘no-deal Brexit’ are being traded at their lowest prices this year. Odds of a no-deal scenario have now been priced at 5/4 according to Betfair, marking a drop from the 5/2 earlier this month, and 9/1 earlier this year. Updating the …
Read More »Paddy Power shortens odds on BoJo scrapping backstop
As Boris Johnson’s trip over to the continent has continued to attract attention from UK media, Paddy Power has shortened its odds on whether BoJo can secure a deal with Angela Merkel where a backstop doesn’t exist, despite her outlining a hard line 30-day time limit. The Irish bookmaker has been offering odds of 8/1 that BoJo can agree a deal …
Read More »Rebecca Pow to oversee gambling industry following cabinet reshuffle
As part of last week’s Cabinet reshuffle following Boris Johnson’s appointment, it has been confirmed that MP for Taunton Deane Rebecca Pow will be tasked with overseeing both the horseracing and gambling sectors rather than sports minister Nigel Adams. Pow was re-appointed as the parliamentary under secretary of state for arts, heritage and tourism at the Department for Digital, Culture, …
Read More »Cabinet comeback sees Nicky Morgan take charge of DCMS
The office of new UK Prime Minister Boris Johnson has confirmed the appointment of Nicky Morgan MP for Loughborough as Secretary of State for Digital, Culture, Media & Sport (DCMS). DCMS the government department which oversees the regulatory development, implementation and oversight of gambling laws formed by the UK Gambling Commission (UKGC) changes leader for the fourth time in three …
Read More »Boris Johnson tipped as new Tory leader as May steps down
Boris Johnson is the bookmakers’ favourite to be the next Prime Minister of Great Britain and Northern Ireland after Theresa May confirmed she is to leave 10 Downing Street on 7 June. May made the announcement this morning after meeting Graham Brady of the 1922 Committee, the influential group of backbench MPs from May’s Conservative Party, after it became clear …
Read More »Brexit Party tipped to gain majority as EU elections loom
With the UK European elections due to take place tomorrow, the newly-formed Brexit Party is tipped to gain the most seats with it being traded at 97 per cent on Smarkets. The eurosceptic party, fronted by Nigel Farage, has shaken up the market for the ‘most seats’ in the UK European elections. Smarkets detailed that while the party was originally …
Read More »Brexit vote “really is the last chance” for May to assert leadership
Brexit has once again dominated the UK headlines, with questions now being raised as to who may be replacing Theresa May as Prime Minister if she is to step down. With MPs set to convene in the House of Commons this evening to vote yet again on Theresa May’s deal, it appears that the country is more divided than ever. …
Read More »Paddy Power builds its ‘Brexit Bunker’ offering a safe space from UK madness
Launching its latest viral marketing campaign ‘The Brexit Bunker’, Irish bookmaker Paddy Power offers the UK public ‘an escape from the madness’. With just ten days left of Brexit negotiations, and with the UK government still to formulise its European Union departure arrangements, Paddy Power has created its own ‘Brexit Bunker’ somewhere between the UK and France, to escape from …
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