Betfair settled the world's largest 2020 US Presidential Election market, declaring Biden the winner, after misleading bettors they would wait for any potential lawsuits to clear, Trump supports lost billions
https://betting.betfair.com/politics/us-politics/us-election-betfair-market-settlement-latest-051120-204.html
Betfair's statement on Nov 5
As you know - and as was widely predicted - 2020 is no ordinary election! One reason for this is the turnout which looks set to be the highest for over a century. This means it's taking longer to count the votes, especially in swing states.
Another factor is the possibility that the losing candidate may challenge the results in the courts.
We will only settle the markets when there is certainty around which candidate has the most projected Electoral College votes.
Before settling the markets, we must therefore wait for clarity around ongoing vote counts, recounts and any potential legal challenges to the results.
After fooling bettors for billions, Betfair's statement on Dec 15
The Next President market rules stipulated that we would settle the market on the candidate that had the most projected Electoral College votes.
Following the Electoral College votes being cast, that candidate is clearly Joe Biden.
Thanks for your patience.
Riot @BetfairCS and @Betfair
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