Person who bet US $1.3 million on a Biden win hasn't been paid yet

Person who bet US $1.3 million on a Biden win hasn't been paid yet

By Naveel Krishant
Tuesday 10/11/2020
President-Elect Joe Biden.[Image: CNN]

The US election still hasn't ended for one person who bet US $1.3 million on Joe Biden to be the next president.

The huge wager was placed on October 29th on the Betfair Exchange, the world's largest online betting exchange.

The US presidential election was by far the biggest single event in the platform's history.

A spokesperson for Betfair said that the "market will be settled once the result has been officially confirmed."

They say bets would typically be settled following a result declaration from news networks and a concession speech by the losing presidential candidate but this year is different.

President Donald Trump has not yet conceded defeat and he's continuing to push his attorneys to pursue legal challenges that would delay formal certification of the results.

[Source: CNN]

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