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Joe Biden has won the 2020 presidential election according to longstanding measures, but as of Friday morning, political betting markets are not ready to declare a winner.

1. Here in the United States, Betfair US is active not only through BetfairCasino.com, but also as the owners behind horse racing betting network TVG. More recently, Betfair US closed a deal with FanDuel to combine their US-facing businesses, giving Betfair a majority ownership stake with options to acquire 100% of FanDuel at a later date.
2. Betfair is the largest online gaming platform on the market and is characterized by offering all users various bonuses and promotions to keep their players highly motivated with real chances of winning. Betfair with deposit or bonus Betfair without deposit. Betfair Deposit bonus promo code February 2021 United States.
3. Betfair Interactive US LLC is located in Jersey City, NJ, United States and is part of the Gambling Industry. Betfair Interactive US LLC has 6 total employees across all of its locations and generates $377,691 in sales (USD). There are 245 companies in the Betfair Interactive US LLC corporate family.
4. Betfair joined the Cryptologic Network, which included William Hill, Interpoker, and Ritz Club London. In November of 2005, Betfair bought Pokerchamps, a standalone online poker room that accepted players from the United States. Betfair still kept their players on.

Betfair, the world’s largest online betting exchange, has not paid out any bets on the winner of the presidential election.

“Although news networks have now projected that Biden got over 270 Electoral College votes, there is still some uncertainty around the outcome of the election given the possibility of recounts and potential legal challenges,” a Betfair representative told MarketWatch.

Is Betfair Legal In Us

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Betfair’s claims indicate it may be awhile before bettors are able to cash in their tickets. The company is monitoring President Trump’s legal challenges in several states, which have been declared unfounded by some Republicans and former administration officials. Biden, for his part, has moved ahead with his transition team.

“We must therefore wait until there is clarity around any ongoing recounts and any potential legal challenges to the results before we can settle the market,” the representative said.

Over $300 million was wagered on the presidential election at Betfair, with the largest bet coming on Joe Biden at $1.3 million.

A spokesperson from Flutter Entertainment the parent company of Betfair, told MarketWatch the wait is mainly to avoid a situation like in 2016 when some political betting exchanges prematurely paid out bets on Hillary Clinton to win the presidential election.

Betfair United States Map

Betfair 2020 Election

Numerous offshore sportsbooks have not paid out election bets. Those sportsbooks are not subject to regulations and are not legal in the United States. Betting on political election outcomes is not currently legal at any U.S.-regulated sportsbook.