Protecting the stocks, bonds and other positions that money managers hold from unexpected market moves in either direction is their business. At Paddy Power, an Irish competitor running hundreds of markets related to the Trump presidency, the implied probability of impeachment was 40 percent. Other betting opportunities ranged from the likelihood of a third Trump divorce before the end of his presidency to the chance that Mr. Trump and President Vladimir V. Putin of Russia would share a Nobel Peace Prize. Advertisement Continue reading the main story“Our customers are so interested in Trump that we’ve created, basically, a microsite dedicated to him,” said Lee Price, a Paddy Power spokesman. Advertisement Continue reading the main storyOf course, some are dubious about those markets, too.

Source: New York Times March 05, 2017 17:37 UTC