Betting on politics: the hottest markets

Jacob Rees-Mogg is the bookies' favourite to succeed Theresa May as prime minister, says Matthew Partridge.

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Jacob Rees-Mogg: the bookies' favourite
(Image credit: 2018 Getty Images)

By the time you read this magazine, the UK's local elections will be over, which makes it a good time to look at the hottest markets on the two main betting exchanges: Betfairand Smarkets. Unsurprisingly, the fate of the US president seems to be uppermost in everyone's mind. While bettors think Trump will survive his first term, it hasn't stopped them wagering £1.13m on which year he will leave the White House, or from betting £1.02m on whether he will leave before the end of his first term or not.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri