Paddy Power to Lose $3.33M from US Elections Wager

Seems like Paddy Power Betfair can’t catch a break.

The Irish bookmaker is reportedly looking at a €3 million (US$ 3.33 million) loss after American voters elected businessman Donald Trump as the next president of the United States.

This is the second time that Paddy Power Betfair found itself in the wrong side of political wagering since the UK voted to leave the European Union by a margin of 52-48 on June 23.

Paddy Power spokesman Féilim Mac An Iomaire told The Independent that the surprising twist in the US elections was reminiscent of what it saw in the “Brexit.”