The news that has been creating buzz amidst gloomy COVID-19 situation is the US Presidential election. The market is boiling hot with all sorts of predictions and notions.
While the Democrats and Republicans both gear up for the fight, the world’s biggest online betting company, Betfair has reported that the largest election bet of this campaign cycle has been placed on President Donald Trump winning the election again.
The UK betting exchange, Betfair, stated that a £50,000 ($67,300) bet has been placed on Trump to win another four-year term. If Trump gets re-elected, the exchange will have to pay out £104,000, which equals 1, 01, 45,405 in Indian rupee.
The online betting giant, on September 1, 2020, also stated that over £1 million have been staked in the last 24 hours.
According to the reports, Trump has closed the gap against his competitor Joe Biden, the former vice president, in the betting markets. On Tuesday afternoon of September 1, 2020, there were low chances of Biden winning over Trump. More than even bets have been placed on Trump getting re-elected this season.
While the US betting market is hot and thriving with money pouring in from everywhere, the US election results alone would settle the heat.