Betfair Brexit Odds Under Five Percent

The chance of a no-deal Brexit agreement has dropped to below 5% according to online betting exchange Betfair, after the European Union agreed to a list of possible extensions the process.

This change was directly reflected on Betfairs website which is one of Europe’s biggest online peer-to-peer betting exchanges and which previously had held odds as hire as 27% probability of a no deal Brexit.

This drop was in stark contrast with a number of major investment banks and firms who have been raising the odds of the UK crashing out of the European Union without a deal, over the last few weeks.