Quite a lot of chatter over at PoliticalBetting.com over the resignation date of Theresa May. Barring something dramatic happening Theresa May will formally resign as Leader of the Conservative Party tomorrow, as the above official statement from the party chairman and the 1922 Committee makes clear. Seems straightforward.

Over on the Betfair exchange some £3,057,129 has been staked on the exact date of her exit on the “UK – Party Leaders– Exit Dates – Theresa May” market. The small print in the bet market’s rules states:

Punters seeking clarification have now been told that this means when she leaves Downing Street – which is something completely different altogether. May will remain the Prime Minister in Downing Street for another month or so after she has resigned even though she is no longer the party leader. Punters who understood the Conservative Party’s rules are not happy. It’s clear the bookies are confusing the party leadership and the premiership…