U.S. President Donald Trump has finally conceded the 2020 election, admitting that a transition to a new administration will happen in just under 2 weeks. But after the events of January 6, when Trump supporters barged into the U.S. Capitol, will Trump last until the next inauguration?
Betting markets offering lines on if Trump would finish his term reacted sharply after the riots of January 6. With Democrats calling for another impeachment, and reportedly some Cabinet members whispering about invoking the 25th amendment to install Mike Pence as Acting President, PredictIt prices for Trump finishing his term went from $0.90 to $0.74 on the day of the action. Prices for Resignation, which were at a 30-day low of $0.06 just a week ago, spiked to $0.15 on the same day.
Although his initial tone on January 6 was definitely bellicose, he’d backed off that messaging when it became just how terrible the day was going to be, telling his supporters to go home. That didn’t stop Democrats from calling for impeachment, or several of his cabinet members from resigning, disgusted with the events of the day. By January 7, he was forced to provide his video of concession, admitting that some kind of new administration would begin on January 20 (but not naming Joe Biden as the President elect).
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