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Irish Bookies Betting No on Lisbon

August 23, 2009 - 3:05pm

Irish "punters" -- that is, bookmakers -- allow you to wager on elections. And that's bad news for supporters of the Lisbon Treaty, utitowhich goes before Irish voters later this year. The treaty is a de facto new constitution for the European Union (it includes the world's first transnational initiative). Legislative bodies in other countries have already ratified the document, but Ireland permits voters to consider the treaty. Last year, the Irish voted it down.

The treaty is expected to win this year. But Reuters reports that "punters" have lowered the odds on defeat, from 5/1 to 5/2.