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One Euro Bookmaker Is Betting $1M That Clinton Will Win

Irish bookmaker Paddy Power is calling the U.S. election for Hillary Clinton and paying out on bets – three weeks before the election.

Clinton Newspaper Endorsements

A major Irish bookmaker, Paddy Power, is putting seven figures on its prediction that Hillary Clinton will beat Donald Trump in three weeks.

Paddy Power announced on Tuesday that it would stop all bets on Clinton vs. Trump and pay out over $1,000,000 to winning bettors:

With national polls showing a healthy lead for the Democratic candidate and Donald Trump’s campaign running into scandal after scandal, Paddy Power believes it’s a done deal and that Hillary is a nailed-on certainty to occupy the Oval Office.

…The gutsy call sees one of Europe’s largest betting companies put their neck on the line for over $1,000,000.

Paddy Power notes they also did this in the 2012 U.S. election, paying out $700,000 to people who bet on President Obama winning re-election.

Still, it’s a risk for the betting company. They were left “stunned” by the Brexit vote:

High rollers had continued to invest in Remain betting yesterday, but the sheer volume of small stakes on Leave in the last 24 hours managed to force Paddy Power into a lose/lose scenario. The small stakers have been paid off today.

Will this Irish bookmaker turn out to be one of the first entities to correctly predict the election? Three weeks’ time will tell.