No Deal Brexit: Betfair customers pile into the UK crashing out of Europe

Theresa May
Does she even know what's happening next?!

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."

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