A No Deal Brexit has shortened in to 3.02/1 on the Betfair Exchange after parliament again fails to find a way through the mess
"More than £100,000 has been bet in the last two days on the Exchange market, as the possibility of the UK crashing out of Europe starts to look more likely."
A No-Deal Brexit is now just 3.02/1 on the Betfair Exchange with £50,000 bet in the last few hours on the market.
More than £100,000 has been bet in the last two days on the Exchange market, as the possibility of the UK crashing out of Europe starts to look more likely.
That is a move in from 17.016/1 two weeks ago to 6.05/1 last week to around 3.613/5 on Monday morning.
Other options are more or similarly likely, however, with a General Election in 2019 at 2.166/5.
A second referendum is 3.02/1.
Betfair Spokesperson Katie Baylis said: "With talk today getting louder in both the UK and in Europe that a No-Deal Brexit is looking more likely, and the Government reportedly ramping up no-deal preparations, we've seen an avalanche of bets on the Betfair Exchange No-Deal Brexit market.
"More than £50k has been wagered on this market in the last few hours with the odds of a No-Deal Brexit now at 3.02/1, with plenty of punters agreeing with Michel Barnier that the UK is destined to crash out without a deal."