US Presidential Election 2020 and its impact on gambling

[ene1980]

~
It was not just the mainstream media. Social media was also extremely biased in this election and the Democrats used their leverage with various social media platforms very cleverly. Both Facebook and Twitter censored or removed posts from Donald Trump and the other Republicans, while refusing to allow publication of anything which would harm the prospects of Joe Biden. The Hunter Biden scandal was not covered by any of the mainstream media channels and social media blocked anyone who would post anything related to this news. And BTW, the legal head of Twitter (Vijaya Gadde) is an extreme-left loonie.

I knew that there were censoring things and Trump was hated by celebrities as well as the media and does not give any merit for his performance and then hide the rest of the stories. I was not aware of the extend of the censorship but it is outrageous.

Now coming back to the topic, I hope those who bet in favor of Joe Biden have received their rewards. Trump is yet to concede, but now it looks clear that Biden will take charge on January 2021. So I would assume that the gambling sites would start distributing the winning amounts this month itself.

I placed a few bets on Trump and it is not cleared and placed last minute bets on Biden and those are cleared.

[blockman]

I decided not to bet for this election. I thought that I would bet in favor of Biden, when he was the underdog (beginning of this year), but then his odds improved and Trump became the underdog. I was waiting for better odds and the odds got worse. So in the end, I thought it would be better not to place a bet. So what about others? Those who bet in favor of Biden have received their winning amount, or the gambling sites are still processing them?

There were bookies that have already proclaimed that Biden is the winner and as the usual process, they already sent the payments and winnings for those who bet for Biden. Just in case you have missed this guy who bet for Trump which seems was the largest political bet in the history. Take time and have a read.
(https://bitcointalk.org/index.php?topic=5286581.0)

[Sithara007]

There were bookies that have already proclaimed that Biden is the winner and as the usual process, they already sent the payments and winnings for those who bet for Biden. Just in case you have missed this guy who bet for Trump which seems was the largest political bet in the history. Take time and have a read.
(https://bitcointalk.org/index.php?topic=5286581.0)

Have to appreciate the gambling sites for clearing the payments on time. They could have given the excuse that the results are still being contested and they will disburse the amount only after the legal formalities are over. This would have been justified even with their current T&C. BTW, I guess the gambling sites are in good profit, as a lot of people bet in favor of Trump.

[carlisle1]

Trump said numerous times that the dems are going to raise taxes. Biden is also going to lock the country down. I even heard Biden is after a 5 Trillion USD QE which is... crazy af.

He is going for the great reset.

Even the world's reserve currency cannot handle that much QE but we will see.

What Biden wants to do and what Biden can do might be very different things. It is likely he will face a Republican-controlled senate, so he's unlikely to get anything through without at least an element of cross-party appeal.

But the question is Will Biden be the one to run the government?there are rumors about Him having an alsymer signs?and about His age and health?looks like Kamala Harris is soon to run the US 

I decided not to bet for this election. I thought that I would bet in favor of Biden, when he was the underdog (beginning of this year), but then his odds improved and Trump became the underdog. I was waiting for better odds and the odds got worse. So in the end, I thought it would be better not to place a bet. So what about others? Those who bet in favor of Biden have received their winning amount, or the gambling sites are still processing them?

Actually what hinders me to bet for this election?is that man from other country that Bets $5 million for trump.I decided not to bet and its a good thing because i am aiming for the former president lol.

[bryant.coleman]

Actually what hinders me to bet for this election?is that man from other country that Bets $5 million for trump.I decided not to bet and its a good thing because i am aiming for the former president lol.

I also skipped placing a bet for this election, because the odds were not very attractive. Saved some money, because if I too would have gone with Trump. Since the opinion polls were giving less than 10% chance to Trump, I thought I would get similar betting odds. But the gambling sites had higher odds for Trump and I thought that the potential rewards were not large enough to take this risk.

[Reatim]

I decided not to bet for this election. I thought that I would bet in favor of Biden, when he was the underdog (beginning of this year), but then his odds improved and Trump became the underdog. I was waiting for better odds and the odds got worse. So in the end, I thought it would be better not to place a bet. So what about others? Those who bet in favor of Biden have received their winning amount, or the gambling sites are still processing them?

There were bookies that have already proclaimed that Biden is the winner and as the usual process, they already sent the payments and winnings for those who bet for Biden. Just in case you have missed this guy who bet for Trump which seems was the largest political bet in the history. Take time and have a read.
(https://bitcointalk.org/index.php?topic=5286581.0)

I have read the topic what I'm interesting now is about His reaction and how he handles such a Loss,being the Most popular gambling these days if he will reveal His identity ,because this is unusual thing that will only happen once in a million chance.
About the effect in Gambling world of this recent election?Rules will be set once Biden took His oath and seat on that presidential chair in white house.

What we need to do now is Hope that Biden will be easy towards gambling and crypto because these 2 is our main concern here.

[Vishnu.Reang]

I have read the topic what I'm interesting now is about His reaction and how he handles such a Loss,being the Most popular gambling these days if he will reveal His identity ,because this is unusual thing that will only happen once in a million chance.

Revealing his identity would be like the most foolish thing to do. He can attract unwanted attention from the criminals as well as from the tax authorities. If the tax authorities hear about this, then the first thing they will enquire is how this guy can afford to risk this huge amount. There is a good chance that the money was not earned through legal means. Even if it was earned through legal means, there can be additional verifications required by the authorities.

[Janation]

Trump is losing and he might not accept it.

I don't see how will this impact or influence gambling activities, casinos, or online casinos in the US. Maybe Biden has something to say about gambling that the OP knows and he did not state that on the OP?

I don't think Biden has said anything about it tbh. I hold the same idea that there's really nothing that the US election can do with gambling. At most, the news we've received is someone betting a huge amount of money on Trump winning, which he's probably regretting right now btw, but other than that, there's no news about gambling. Hardly doubt gambling would get impacted much with the switch tbh, even if there is one that is.

I don't know if this is legitimate, but here is this article

It states that Joe Biden didn't talk much about sports betting, this article only states about sports betting but not gambling as a whole. Based on the articles, Biden

believes states and federal authorities should cooperate to ensure that gambling is safe, fair, and corruption-free

I don't know what will happen that much but the article says that it indicates his support for getting involved in federal guidelines in sports betting.

[dezoel]

I agree with others that literally nothing will change. Trump was a person who literally owned a casino and yet he didn't do anything to change the casino world in USA, not many before him did anything drastic neither, and Biden won't do anything about it neither.

Gambling world in USA is already something settled and working, there is really no need to change anything right now and there is no reason to change anything neither, it is done and it is working as intended and that is fine as it is. Sure you could make more drastic changes if you set mind into it and you could create a lot more business' if you open it legally in some other state but usually this is something federal government leaves to states and states do not make these type of changes that easily.

[blockman]

According to everything I think that now it's clear that Budem has won. Even some judicial processes that Trump has announced can't give him the chance to change this. Although he will be president until January I don't see reason why bookies wouldn't pay the gamblers who bet on Biden.

I also think that he does win. Still, there are some uncounted votes but I don't think it will make a change in the result.

I have read the topic what I'm interesting now is about His reaction and how he handles such a Loss,being the Most popular gambling these days if he will reveal His identity ,because this is unusual thing that will only happen once in a million chance.

I feel sorry for the man but he's brave if he will share his story of how he handles things after the bet.

Have to appreciate the gambling sites for clearing the payments on time. They could have given the excuse that the results are still being contested and they will disburse the amount only after the legal formalities are over. This would have been justified even with their current T&C. BTW, I guess the gambling sites are in good profit, as a lot of people bet in favor of Trump.

Well for most of them, they can see a clear winner in this election. But if there are casinos that still have to wait for the clear results, it's understandable for those pending bets.

[iTradeChips]

It will do him a big service if he choose not to reveal his identity. The guy who placed 5M dollars for Trump. If he is a responsible gambler then I bet he has like 500 million dollars to his name and it is ok for him to lose just 5 million especially if he is a businessman and can earn the said money and recuperate his losses within months. He did a very risky move and people are talking about him like he is a celebrity or something. I would suggest that we move on from that. Unless of course he waits until the fight is over, we all know Trump has not conceded yet (what I think as of this writing).

[slapper]

I decided not to bet for this election. I thought that I would bet in favor of Biden, when he was the underdog (beginning of this year), but then his odds improved and Trump became the underdog. I was waiting for better odds and the odds got worse. So in the end, I thought it would be better not to place a bet. So what about others? Those who bet in favor of Biden have received their winning amount, or the gambling sites are still processing them?

There were bookies that have already proclaimed that Biden is the winner and as the usual process, they already sent the payments and winnings for those who bet for Biden. Just in case you have missed this guy who bet for Trump which seems was the largest political bet in the history. Take time and have a read.
(https://bitcointalk.org/index.php?topic=5286581.0)

I have read the topic what I'm interesting now is about His reaction and how he handles such a Loss,being the Most popular gambling these days if he will reveal His identity ,because this is unusual thing that will only happen once in a million chance.
About the effect in Gambling world of this recent election?Rules will be set once Biden took His oath and seat on that presidential chair in white house.

What we need to do now is Hope that Biden will be easy towards gambling and crypto because these 2 is our main concern here.

Still do not make a research of his identity yet. It would be a painful to me if I lost such huge money. But I guess he could at least afford his loss. Such a huge bet for president Trump

There are more issues to concern about rather than just gambling or crypto. It is hard to implement a decetralized system to a centralized system. Dont expect too much on whoever the next president

Moreover, Trump still sues for recount votes. Many uncount votes have been revealed. Lets wait and see

[bryant.coleman]

According to everything I think that now it's clear that Budem has won. Even some judicial processes that Trump has announced can't give him the chance to change this. Although he will be president until January I don't see reason why bookies wouldn't pay the gamblers who bet on Biden.

As long as the current president doesn't concede the elections, they have a justification here. The terms and conditions for many of these online gambling sites are very vague. I won't be surprised if a small fraction of them refuse to process the winnings. The vast majority would not go that route, because for them maintaining their brand reputation is very important.

[bitterguy28]

According to everything I think that now it's clear that Budem has won. Even some judicial processes that Trump has announced can't give him the chance to change this. Although he will be president until January I don't see reason why bookies wouldn't pay the gamblers who bet on Biden.

As long as the current president doesn't concede the elections, they have a justification here. The terms and conditions for many of these online gambling sites are very vague. I won't be surprised if a small fraction of them refuse to process the winnings. The vast majority would not go that route, because for them maintaining their brand reputation is very important.

Even Trump don't want to concede yet seems like the Whole government is turning into Biden by now so it won't take time for Him to finally realized that He's time is over and time to move out.

It will do him a big service if he choose not to reveal his identity. The guy who placed 5M dollars for Trump. If he is a responsible gambler then I bet he has like 500 million dollars to his name and it is ok for him to lose just 5 million especially if he is a businessman and can earn the said money and recuperate his losses within months. He did a very risky move and people are talking about him like he is a celebrity or something. I would suggest that we move on from that. Unless of course he waits until the fight is over, we all know Trump has not conceded yet (what I think as of this writing).

well revelation may come if He is interested but for now since the painful day is just right there better for Him to internalize about what happen to His decision.

[pilosopotasyo]

According to everything I think that now it's clear that Budem has won. Even some judicial processes that Trump has announced can't give him the chance to change this. Although he will be president until January I don't see reason why bookies wouldn't pay the gamblers who bet on Biden.

As long as the current president doesn't concede the elections, they have a justification here. The terms and conditions for many of these online gambling sites are very vague. I won't be surprised if a small fraction of them refuse to process the winnings. The vast majority would not go that route, because for them maintaining their brand reputation is very important.

That is wrong justification, because its impossible now for the results to make a big turn around and announce Trump as the winner, Trump is just stubborn, he's been stubborn all his life and it's a pity that he carried his stubbornness in the presidency, whether he likes it or not he'll have to vacate the seat and give way to Biden this January.

[Natalim]

According to everything I think that now it's clear that Budem has won. Even some judicial processes that Trump has announced can't give him the chance to change this. Although he will be president until January I don't see reason why bookies wouldn't pay the gamblers who bet on Biden.

As long as the current president doesn't concede the elections, they have a justification here. The terms and conditions for many of these online gambling sites are very vague. I won't be surprised if a small fraction of them refuse to process the winnings. The vast majority would not go that route, because for them maintaining their brand reputation is very important.

That is wrong justification, because its impossible now for the results to make a big turn around and announce Trump as the winner, Trump is just stubborn, he's been stubborn all his life and it's a pity that he carried his stubbornness in the presidency, whether he likes it or not he'll have to vacate the seat and give way to Biden this January.

That's likely to happen because until now there's has been no solid evidence that cheating has occurred.
USA will have a new president next year, so Trump should think now what his next action that he is going to be out of power soon.

I'm pretty sure there's a lot of changes that will come and that includes many filing a case against Trump if the new administration would find enough evidence of Trump's violation while he was still in power.

[Juggy777]

According to everything I think that now it's clear that Budem has won. Even some judicial processes that Trump has announced can't give him the chance to change this. Although he will be president until January I don't see reason why bookies wouldn't pay the gamblers who bet on Biden.

As long as the current president doesn't concede the elections, they have a justification here. The terms and conditions for many of these online gambling sites are very vague. I won't be surprised if a small fraction of them refuse to process the winnings. The vast majority would not go that route, because for them maintaining their brand reputation is very important.

That is wrong justification, because its impossible now for the results to make a big turn around and announce Trump as the winner, Trump is just stubborn, he's been stubborn all his life and it's a pity that he carried his stubbornness in the presidency, whether he likes it or not he'll have to vacate the seat and give way to Biden this January.

@bryant.coleman while each sportsbook has their own reasons for either settling the bets, or withholding them, Stake has decided to take a unique approach whereby they have paid the gamblers who placed their money on Biden.

Furthermore for Trump supporters they have kept their bets as unsettled, and they have agreed to pay if *Trump wins.

In my personal opinion the route taken by Stake is the right one, and by doing this not only have they maintained their credibility but they have kept both the sides happy, and now I’m sincerely hoping that other sportsbook providers too will follow their lead.

Source:

*conditions apply read their post:

https://news.stake.com/us-election-2020-statement/

[RealMalatesta]

I definitely agree that what stake is doing is what people want from betting places to do as well. For people, who wagered on Biden they would be getting their money and there is no problems with that, Biden wagerers would be happy about it as well.

For people who wagered on Trump would be happy that they are not losers for now, sure they will be losers when it is official but they are postponing their sadness anyway, hell even when Biden becomes president and starts ruling over the nation they will keep saying they didn't lose, it was stolen so you can't make them happy so you can only postpone it until it is official and at that point stake could at least say the results are now official. So at the end of the day every sportsbook should have done what stake has done.

[Mahanton]

I definitely agree that what stake is doing is what people want from betting places to do as well. For people, who wagered on Biden they would be getting their money and there is no problems with that, Biden wagerers would be happy about it as well.

For people who wagered on Trump would be happy that they are not losers for now, sure they will be losers when it is official but they are postponing their sadness anyway, hell even when Biden becomes president and starts ruling over the nation they will keep saying they didn't lose, it was stolen so you can't make them happy so you can only postpone it until it is official and at that point stake could at least say the results are now official. So at the end of the day every sportsbook should have done what stake has done.

What do other bookies do still wait? Its clear that Biden had won the election and its just right that they do make those bets final and close it and give the
winnings to those who bet with Biden.Its just too unethical for them to held off yet its clear on whats the result.Those Trump issues are just delay but
if you do try to look carefully then theres nothing they can do on making the decision to be reverted.
For those who are still anticipating for Trump then its better to move on first rather than waiting up for something stressful.

[STT]

Does anyone know or have it confirmed when the date of it being confirmed as a solid result, my take was the actual electoral college count which is December 14th

  At that point its out of the hands of any of the parties or candidates or even voters, its purely the result returned by constitution unopposed by any court or type of legal challenge.   Its almost impossible to over turn at this point anyway as many have noted correctly but still we arent legal scholars so we have to wait.