The US election still hasn’t ended for one person who bet £1 million (A$1.8m) on Joe Biden to be the next president.
The huge wager was placed October 29 on the Betfair Exchange, the world’s largest online betting exchange, where gamblers find others to match their wagers. The US presidential election was by far the biggest single event in the platform’s history.
“We will only settle the markets when there is certainty around which candidate has the most projected Electoral College votes,” Betfair said in an article posted to its website on Friday evening.
“Before settling the markets, we must therefore wait for clarity around ongoing vote counts, recounts and any potential legal challenges to the results.”
The US presidential election has shattered records for Betfair.
The contest has so far attracted £567m (A$1.02 billion) in bets, making it the largest event of any kind in the platform’s 20-year history. The 2016 US election garnered £199m (A$360m), for comparison, while £51m (A$92m) was bet on the 2017 fight between Floyd Mayweather Jr and Conor McGregor.
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