£600m wagered on US Election by Brits with Betfair Exchange

By Tim Poole
Donald Trump may not be the only unhappy party at the end of the US Presidential Election – spare a thought for those who bet on him.
According to operator Betfair (owned by Flutter Entertainment), British bettors broke the company's record for wagers placed on the election, spending £600m ($795.9m).
Over three million bets were placed on who would win the duel between Republican candidate Trump and Democrat counterpart Joe Biden.
In the 2016 Election, £250m was traded with Betfair on the race between Trump and Hilary Clinton.
One particular bettor had staked £1m on Biden to win, Betfair's biggest-ever political wager, and will probably be a little happier than any Trump backers after collecting their winnings.

Share This Post

More News

Catena Media has initiated a strategic review across certain areas of its business, in the same week the gambling affiliate posted record quarterly revenue.  The group posted Q1 revenue...

One of the US’ leading sportsbooks and iGaming operators, DraftKings, has just launched its products in Ontario, Canada’s first regulated market. Ontarians will now have access to the operator’s sportsbook app and...