Players around the world are waiting for the sites to refuse to call the presidential election in favor of President-elect Joe Biden, even though the media does.
This year’s election was an unprecedented occasion in the world, with more people paying in cash than ever before. While political gambling is technically illegal in the United States, the British site Betfair is allegedly blocked at more than $600 million pending President Trump’s triad of legal and legal lawsuits. maneuvers in primary states of the battlefield.
“We haven’t gotten a winner yet,” Adam Burns, BetOnline’s director of sports betting, told the New York Post.
No state has officially described its effects for the presidential election, and Trump’s re-election crusade has worked to devastate state and federal courts with litigation in one last effort to win.
And while major news chains may have called the election, the sites are wary given Trump’s insistence that the race is still going on.
“People who bet on Trump say it’s not over. People who bet on Biden say so. This creates a delicate scenario in which we want to be sure. It’s not like a football game,” Burns said, referring to the binary nature of the sport. .
And while there are millions of dollars in limbo, some other people have more than others.
A British player, who has not been publicly identified, reportedly bet $5 million that Trump would meet a deadline. The mysterious gambler used personal bookmakers registered on the Caribbean island of Curacao to place the bet, according to the Sun.
Politically, a high-level player, whose identity has also been revealed, bet $1. 32 million with Betfair to win the former vice president, with Biden’s victory coming in a $2 million payment.
There is a legal way to bet on US policy. USA, an online page called PredictIt, which has received an exemption from the Commodity Futures Trading Commission. The online page recorded record trading grades this year, with 117 million shares traded on Election Day, compared to just 47 million in the last presidential contest.
Brandi Travis, chief marketing officer of Aristotle International, a prediction company, told Bloomberg that, although it was all resolved, it could be a while before election-related markets stabilize. finished before pointing to a winner.
“Once we have all the electoral counts and see that there is a valid winner, we will suspend the market,” Travis said, “but until we’re sure, we’re going to pay. “
Biden leads Trump nationally with about 5. 3 million votes; In terms of polling college, Biden leads with 306 electoral votes in front of Trump’s 232, according to the Associated Press.