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- 16/1 for UK referendum on monarchy before 2030.
- 100/1 long shot for referendum in 2026.
- Calls renewed following party conference debate.
Referendum Talk Sparks Political Betting Market
UK betting sites have priced up the possibility of a referendum on abolishing the monarchy, following renewed calls from MP Zarah Sultana.
The Coventry South candidate has publicly demanded a national vote after discussions at her party’s conference focused on replacing the monarchy with an elected head of state.
Speaking to the BBC, Sultana questioned the role of the Royal Family and referenced the Sovereign Grant rising to ÂŁ132 million next year, alongside past public funding controversies.
While petitions calling for reform have circulated in recent years, bookmakers currently see an official referendum as unlikely though not impossible.
Ladbrokes latest odds give a 5.9% chance that we see a referendum take place before 2030.
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UK Monarchy Referendum – Odds via Ladbrokes
| UK Monarchy Referendum Specials | Odds | Implied Probability |
|---|---|---|
| Referendum on abolishing monarchy before 2030 | 16/1 | 5.9% |
| Referendum on abolishing monarchy in 2026 | 100/1 | 1.0% |
Before 2030: A 5.9% Chance
At 16/1, bookmakers imply just a 5.9% probability that the UK will hold an official referendum on abolishing the monarchy before 2030.
This reflects the significant constitutional and political hurdles involved.
A referendum would require:
- Government approval
- Parliamentary backing
- Legislation to define the constitutional framework
- Broad cross-party momentum
While republican debate has existed for decades, it has not translated into legislative action at Westminster.
2026 Referendum a Remote Prospect
The market prices a referendum happening as early as 2026 at 100/1, implying just a 1% chance.
Given the legislative timeline and current parliamentary agenda, bookmakers clearly believe a vote within the next year is highly improbable.
Political betting markets tend to reflect structural feasibility as much as public sentiment, and constitutional reform is widely regarded as a long-term issue rather than an immediate priority.
