For those who thought that 2019 was a dramatic year for politics, be warned that the year ahead promises very little relief.
The political calendar year is set to be jam-packed with seismic developments that all business owners in the UK and beyond should be aware of. Beyond bracing yourself for political developments that may affect you, it is also worth considering how you can benefit and have a little bit of fun.
People wagering on political developments are nothing new – we all remember how British hedge fund manager Crispin Odey made millions betting against the Pound Sterling on the eve of the Brexit vote. However, if you don’t have a spare £100 million lying around to invest in forex, you can always use online bookmakers to place your own bets on how you think politics will turn out in 2020. Here are the key events worth wagering on.
The Democratic Nomination
One of the most widely-followed political events in the world of gambling right now is the 2020 Democratic Party Presidential Primaries. The race so far has been one of the most ferocious, unpredictable and entertaining in recent history, which is why popular online casinos and bookmakers have been offering constantly-updated odds on the Democratic presidential candidates for over a year now. Given that Warren and Bernie now lead the pack, a situation that was unthinkable this time a year ago, anyone looking to bet on an underdog in 2020 should consider this political saga.
Brexit
While Johnson’s resounding win in the 2019 UK General Elections ended much of the uncertainty and drama surrounding the Brexit negotiations, the year ahead will still be full of pivotal moments. Pending ratification of the Withdrawal Agreement, the UK is due to leave the EU on paper on January 31st – however, many bookmakers are still running odds on whether or not this will happen. In addition, politics nerds can wager on the outcome of the trade negotiations due to kick off this year and end at the beginning of 2021, including taking bets on whether a deal will be reached at all.
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The Labour Leadership Contest
The UK Labour Party’s catastrophic defeat in the recent General Election means that Corbyn is out and a new leadership contest is underway to determine his successor. The race is due to conclude in April 2020, and the winner is anyone’s guess. Current frontrunners include Keir Starmer, Rebecca Long-Bailey, and Emily Thornberry, with all major bookmakers currently taking bets on who will come out on top. Many factors that will determine who secures the leadership nomination and any savvy gambler should keep an eye out on the sentiments of Labour activists and the media as the race unfolds over the next few months.
These are just a few of the major political events worth placing a bet on in 2020. Of course, there is also the actual US Presidential Elections in November, but reliable odds on this won’t be available until we know who Trump is actually running against. If you’re feeling lucky in 2020, these are the events to wager on.
