Wednesday, December 17, 2014

Bookmakers Suspend Betting on Whether the Queen Will Announce Her Abdication in Her Christmas Day Broadcast

Was Charles trading on material non-public information?
From City AM:

Betting suspended on Queen abdicating during her Christmas broadcast after "unusual" bets placed at Coral
Bookmakers Coral has suspended betting on whether the Queen will announce her abdication in her Christmas Day broadcast after a couple of “unusual” bets were placed today. 
 
A spokesman told City A.M two different bets had been made within half an hour of each other – prompting the team to question whether there had been a leak from Buckingham Palace. 
 
Coral had been offering 10-1 odds on the Queen announcing her abdication during the Christmas Day speech, but given how obscure and specific the market was, the bookie had not received any bets on it “for months” he said.  
 
“It's a big coincidence to have two people within half an hour.”
 
He noted that there had been a similar pattern to betting around the Duchess of Cambridge – nee Kate Middleton's - first and second pregnancies. “Betting on the Royal Family is very popular, but they do have their leaks.”...MORE