..

Prediction Market: Congress to Approve US Debt Ceiling to $15.1 Trillion by July 31 15 Percent Chance

Written by:
Aaron Goldstein
Published on:
Jul/28/2011
US Debt Ceiling

Prediction market pundits at intrade.com are betting there is only a 15 percent chance that Congress will approve an increase in the debt ceiling to $15.1 trillion by July 31, thus raising serious concerns about the US credit worthiness and potential for going into default. 

That said, the popular prediction market bettors give the US debt ceiling increase a likelihood of happening before August 31 at 83 percent and prior to September 30 at nearly 89 percent. 

US debt default fears have gripped the entire world as members of Congress continue to butt heads with a “Doomsday” deadline of August 2 just days away.

The Dow has fallen five straight days because of worries that the U.S. might default on its debt if Congress doesn't raise the country's borrowing limit. It's down more than 484 points, or 3.8 percent.

- Aaron Goldstein, Gambling911.com

Politics News

Melania Trump Divorce Odds: 'Counting the Minutes"

A former aide to Melania Trump reveals that the First Lady is ‘counting the minutes until she can divorce Donald (Trump)’ after he leaves office.

Trump Clemency Odds - Who Will He Pardon on His Way Out

Trump Clemency Odds - Who Will He Pardon on His Way Out

Donald Trump plans to pardon as many as 100 people during his last hours in office, and we have some great prop bets pertaining to this topic.

Can't Bet the Biden Inauguration Online at FanDuel, Draftkings

Can't Bet the Biden Inauguration Online at FanDuel, Draftkings

Though you will be unable to place bets on the Joe Biden Presidential Inauguration at FanDuel, Draftkings and Fox Bet, fear not, there are alternatives

Inauguration Day Odds Up Now: Biden Mask, Gaffes, Kiss on Lips, More

Inauguration Day Odds Up Now: Biden Mask, Gaffes, Kiss on Lips, More

You can bet on numerous Joe Biden Inauguration Day props at BetOnline.  Remember, state-licensed online sportsbooks like FanDuel and Draftkings are prohibited from taking bets on politics in most regions.

Trump Wall Bet to be Graded a Loser

Trump Wall Bet to be Graded a Loser

Dave Mason of BetOnline on Tuesday confirmed that those who placed bets in 2016 on whether a US border wall would be completed by the end of Donald Trump's Presidency will be graded as "NO".

Syndicate