Paddy Power Betfair takes £5m hit from Trump election win

Bookmaker paid out £800,000 early to punters who bet on Clinton victory, also losing out after Man United goal rushPaddy Power Betfair blamed the unlikely pairing of Donald Trump and the Manchester United striker Zlatan Ibrahimovic as it cut its full-year profit forecast.The “unexpected US election outcome”, in which Trump triumphed over Hillary Clinton in November, cost the bookmaker £5m as it paid out to punters who backed him for the White House. Continue reading...