US Presidential Election 2020 and its impact on gambling

[erikoy]

The short answer is: There is no any impact on gambling from USA election.

Well I disagree. The GOP and Trump are against regulations, even obviously good ones, for example Trump signed orders allowing companies to dump toxic waste in rivers, like in a third world country.

The Dems are much more in favor of regulations. So if the online gambling industry is in the crosshairs of the administration for things like lax KYC, tax evasion, money laundering, then I'd expect a Biden administration to clamp down on these.

I agree with Johnny there is no impact because majority of the gambling sites are not accepting US citizens to play in their platform, they cannot clampdown on something that they have no jurisdiction or do not accept any of their citizen, the US elections has been trying to connect the price in the market and now the gambling as if the US has impact to the world on what's happening in their internal affairs.

unless the US government will going to change the way they wanted to happen in their community. Leaders had different thoughts about gambling and cryptocurrency. Beside, no on had ask the new elected leader on this matter since this is not the priority. However, if time comes that all will be settle and in regards of this matter will brought to the new administration and they different perception then we can somehow see q different gambling and cryptocurrency depending on thew new administration.

[Vishnu.Reang]

Well I disagree. The GOP and Trump are against regulations, even obviously good ones, for example Trump signed orders allowing companies to dump toxic waste in rivers, like in a third world country.

The Dems are much more in favor of regulations. So if the online gambling industry is in the crosshairs of the administration for things like lax KYC, tax evasion, money laundering, then I'd expect a Biden administration to clamp down on these.

If a company dumps toxic waste in rivers, then the promoters will be jailed, with or without any regulations. Republicans want to remove unwanted regulations, which result in businesses losing a lot of time and effort without any positive impact. Look at the Bitcoin regulations in the US. Democrat run New York is having the toughest regulations, while Republican run states are having the most relaxed ones.

[proTECH77]

Joe Biden the candidate of Democratic party, later declared the winner of November 3 US presidential election that just ended in the country. Many gambler who predicted that Trump will defeat Biden in the election loss their bet because of the final result release by the college electoral, that give Joe Biden victory . US citizens gave Biden massive vote just because of the promise he made during his campaign to make gambling environment more convenient to all Gambler in the country.

[gabbie2010]

US election has come and gone and a winner had already emerged, I don't think the outcome of this election will have any  positive or negative impact on gambling industries except of there is a total ban or some regulations in US gambling Industries which is very unlikely,  the government of the day do generate income from  taxes imposed on gambling industries and these industries had never been a security threat to US government.

[cherryganda]

I don't see the logic of the election 2020 on the US presidential position in the impact of gambling.
Because for me as an individual player in any of the gambling platform whoever wins it won't affect me at all,
my way or strategy will remain on my style.

[sunsilk]

I don't see the logic of the election 2020 on the US presidential position in the impact of gambling.
Because for me as an individual player in any of the gambling platform whoever wins it won't affect me at all,
my way or strategy will remain on my style.

I don't have an idea either because we're not from that country. But there's one thing for sure that I have read about him and that is the taxes.

There will be an increase in taxes and from the comments that I am seeing for certain news about the election. Particular people who like and voted for him are liking that happen as long as it is no longer Trump is their POTUS.

[virasog]

Joe Biden the candidate of Democratic party, later declared the winner of November 3 US presidential election that just ended in the country. Many gambler who predicted that Trump will defeat Biden in the election loss their bet because of the final result release by the college electoral, that give Joe Biden victory . US citizens gave Biden massive vote just because of the promise he made during his campaign to make gambling environment more convenient to all Gambler in the country.

Is this true ? Did biden really speak about the gambling industry during his campaign for the presidential elections ?

I am sure Biden did not win only by the votes of the gamblers 

[RealMalatesta]

The impact is the bets that was made and nothing else I believe. There was hundreds of millions of dollars wagered on the elections itself and that obviously had a big impact in the gambling world, on top of that Biden looks to be winning and already claimed president elect by the unofficial results given by election officials counting results so far, yet Trump still tries to do take over the election by claiming fraud that nobody has found so far, yet he could postpone it as much as he wants until it is officially declared, he could even continue after it is officially declared but nobody would care at that point when Biden takes power for good. This caused another impact, some sportsbooks paid up Biden bets, but some are still keeping the bet going without paying anyone, which did created a divide between gamblers.

[robelneo]

I don't see the logic of the election 2020 on the US presidential position in the impact of gambling.
Because for me as an individual player in any of the gambling platform whoever wins it won't affect me at all,
my way or strategy will remain on my style.

I don't see either, what's with the logic of impact on Biden's winning the election, will we have a new regulation in the gambling industry, is he a threat to the industry, in fact, many of the gambling sites here do not accept players from the US, we all know that the US is a superpower but it's not within their jurisdiction to disrupt the industry, whoever wins the election, the industry will still continue to be what it is.

[Twinkledoe]

I don't see the logic of the election 2020 on the US presidential position in the impact of gambling.
Because for me as an individual player in any of the gambling platform whoever wins it won't affect me at all,
my way or strategy will remain on my style.

I am wary about Biden, because even before he was elected as the president of the United States, he was saying that he would increase the taxes (on income, as well as that on capital gains). This is going to have a negative impact on all the sectors, including gambling. The 4-year term of Donald Trump saw sharp economic growth, in part due to his measure which lowered the tax levels. Biden may reverse everything.

Too early to speculate or be worried about the upcoming term of the new president. I think he has other priorities to tackle once officially declared as the President of US such as covid response and how to aid businesses to restore the economy. Increasing taxes may not be immediate as everyone is still battling the crisis. Not really helpful to his fellow countrymen. Anyway, I don't see vital impact on gambling, in my opinion, still the same as what the previous administrations have done.

[BitcoinHunt3r]

I don't see the logic of the election 2020 on the US presidential position in the impact of gambling.
Because for me as an individual player in any of the gambling platform whoever wins it won't affect me at all,
my way or strategy will remain on my style.

I am wary about Biden, because even before he was elected as the president of the United States, he was saying that he would increase the taxes (on income, as well as that on capital gains). This is going to have a negative impact on all the sectors, including gambling. The 4-year term of Donald Trump saw sharp economic growth, in part due to his measure which lowered the tax levels. Biden may reverse everything.

Yes, but it's not final yet, it's just an initial statement. As far as i know most of the online gambling sites exclude this country in fact almost all sites ban players from this country
Although the statement is true, I don't think it has much effect especially for online gambling.

[ardentvolcanoes]

I don't see the logic of the election 2020 on the US presidential position in the impact of gambling.
Because for me as an individual player in any of the gambling platform whoever wins it won't affect me at all,
my way or strategy will remain on my style.

I am wary about Biden, because even before he was elected as the president of the United States, he was saying that he would increase the taxes (on income, as well as that on capital gains). This is going to have a negative impact on all the sectors, including gambling. The 4-year term of Donald Trump saw sharp economic growth, in part due to his measure which lowered the tax levels. Biden may reverse everything.

One factor that this industry will be affected, but for sure it will be tackled as their economy are still affected by this pandemic implementing such

rules may not be appropriate, he needs to build more job and forget about adding taxes. Gambling industry will move forward whoever take this

position as gamblers won't mind anything, they are more on playing instead of worrying about it.

[AicecreaME]

If you were pertaining about the bets to whoever wins the US presidential election, then it's legal I guess since it's trending all over the world. But according to this article US Presidential election bets a lot of major gambling companies decided to hold the payouts since Donald Trumph are still not happy with the election result trying to squeeze everything up if he was really cheated on by Biden's .

But if you're asking on point about what's Biden would say about US gambling industries, I think it's still too early to answet that since he didn't say anything about that matter yet. For sure, there are going to be a lot of changes in rules and regulations in US gambling industries.

[coin-investor]

There's goes Trump legacy he cannot accept defeat, well for an arrogant man who is the first incumbent president not to get elected for 30 years, he should be angry on this achievement  but all he and his party says are all nonsense because they cannot present a valid or strong proof that there is rigging of poll, he is actually the one rigging the election.

[Cnut237]

Trump legacy he cannot accept defeat

Yes, exactly. We all knew before the election started that he would never admit losing. For Trump, the election only had two possible outcomes: a) he won, b) he won but was cheated by fraud from the other side. There was never an outcome he'd accept where he genuinely lost.

One impact on gambling is companies refusing to pay out on a Biden win because Trump is challenging the result (although he has no evidence of fraud).
If we're talking about the impact due to Biden's policies... we don't know yet, what politicians say they'll do during an election campaign and what they actually do in office are often different hings. Also if - as looks likely - the senate will end up being Rep controlled, then it's difficult to see him getting any remotely controversial policies through.

[sayaya17]

I don’t know if Bidden’s leadership will have a significant impact on gambling in the US.
But in fact, they have recorded the 2020 US presidential election as the biggest betting event in history in political betting.
For someone who bet on a Biden victory, the US presidential election isn’t over yet, because they cannot withdraw the money from the bet.
Although news of Biden’s victory has spread in several well-known media outlets, such as CNN, NBC News, and CBS. But to date,
Donald Trump has yet to concede defeat and sued, so there has been no declaration of election results because there was no concession speech
by the losing presidential candidate. This is upsetting for those who bet on a Biden victory because the losing presidential candidate didn’t admit it.

[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?

[Wexnident]

~

Well it IS trump. Even his supporters are calling bs on the results of the election, which pretty trump like. Nothing we can do about it tbh, Trumps acting pretty much like a sore loser right now after all.

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.

[Vishnu.Reang]

Before becoming is the president is the speech and after becoming and realizing the various factors would be different because now directly he would be responsible if by increasing taxes the  revenue decreases and I am sceptical he would be doing so, because now after pandemic it has already effected all businesses.

Biden has proposed a huge increase in the welfare budget. So in order to fund this increase, he needs to find funds. Either he can raise the taxes, or he can borrow from various donor agencies. The second option doesn't look very attractive right now, because the federal debt is already at sky-high levels. Anymore increase in the federal debt level can cause a collapse of the economy.

[mirakal]

Before becoming is the president is the speech and after becoming and realizing the various factors would be different because now directly he would be responsible if by increasing taxes the  revenue decreases and I am sceptical he would be doing so, because now after pandemic it has already effected all businesses.

Biden has proposed a huge increase in the welfare budget. So in order to fund this increase, he needs to find funds. Either he can raise the taxes, or he can borrow from various donor agencies. The second option doesn't look very attractive right now, because the federal debt is already at sky-high levels. Anymore increase in the federal debt level can cause a collapse of the economy.

Raising taxes is not gonna help, they need to attract investors so they can increase their tax revenue by not affecting the life of the small earners. When we say increase of taxes, this has a big effect to the employees as they are really the ones who are paying big money while they aren't making that big.

The quality of life will be affected if the economy is not doing well, and attracting new investors like gambling businesses is for sure a great thing to do.

Well, I just recommended it since I know how big the gambling world is and I'm a gambler who likes to see countries to be a casino friendly, besides it's a win-win situation for both.