US Presidential Election 2020 and its impact on gambling

[Rengga Jati]

This is a big election where it also became a big field of betting. It is not only in online betting but also offline betting. They were betting to know the winner of the election. This is interesting because it is an election of a big country in the world. Where the decision of the election will really influence the decision to the world. Additionally, we can see many people are betting with a very big amount of money. And the result? it has been clearly accepted that Biden is the winner. I really think how the gambler that is willing Trump to be president again. They lost the betting.

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[johhnyUA]

I agreed that the US presidential election will impact gambling positively since online gambling site experience the highest gambling per bet in history but I don't see any reason why we have to be bothered by a candidate not accepting defeat when he hasn't won any of the sue he make about the election.

The only way as it can influence on gambling industry is if Trump will win trough court and many books will be in hard situation, because some of them already accepted results with Biden and already awarded people which bet on Biden. So yeah.

But in any another ways the impact will be minimal

[malevolent]

apparently people betted around 300 millions ! On these elections 57% went for Trump
https://www.forbes.com/sites/willyakowicz/2020/10/30/bettors-have-wagered-more-money-on-trump-vs-biden-than-nevada-collected-during-super-bowl-liv/?sh=347a4da25ae3

But Trump after loosing just said that "he is going to prepare for the next elections "
Let's see what Biden does and if he is able to take the economy to better levels.

*$300M on Betfair alone by late October
So the real figure is probably on the order of billions of dollars.

The media may very well not give Trump as much attention as back in 2016, without that many will probably forget him unless Biden turns out to be less likeable than Trump. Not to mention his advancing age which could be another hindrance.

It is weird to see this many Trump fans in bitcointalk as well but considering dude got 70+ million votes from just USA and probably have some fans overseas as well, I would say there are at least 100+ million Trump fans in the world and obviously having some here is not shocking.

Much more than that, actually:

https://www.pewresearch.org/global/2020/01/08/trump-ratings-remain-low-around-globe-while-views-of-u-s-stay-mostly-favorable/

Many of them are ignorant of his actual policies, or are his fans due to cultural factors (e.g. the populist right in Europe), or due to a single issue (e.g. some Asians due to Trump's foreign policy and his attitude towards China).

The only way as it can influence on gambling industry is if Trump will win trough court and many books will be in hard situation, because some of them already accepted results with Biden and already awarded people which bet on Biden.

At least legacy gambling places accept fiat and know the identity of the bettor, it would be interesting if any of them would want to (try to) go after their customers and clawback the money they already paid out. Probably not, but at least BTC and altcoin gamblers don't even have to entertain such thoughts.

[Nellayar]

I don't really know how 2020 us election make an impact in gambling. Unless, the new president Joe Biden will totally ban all crypto gambling sites in USA. But it won't happen since Americans love gambling. The only that influence the new administration in gambling industry is to impose high tax or ban it.

The huge amount of bet in election does not give a huge impact, only people who bet in Trump lose the money fast. I remembered when a thread here told that a person bet 5M dollars in trump side. I think he is crying out loud now.

[STT]

I could speculate on what Biden might do but I dont think theres any point right now as he does not have a clear mandate to pass unlimited legislation.     So his party didnt win all the houses outright which for anyone who doesn't like red tape and nonsense its a good thing and they'll have a hard time achieving consensus to be wrecking various industries with big government.    On the other hand you could say the dust is not settled till January not because of Trump but the senate has a run off and the numbers are close enough that it matters to the balance of power.
  70 million votes is alot but I dont think any candidate beaten is able to return because both parties then move onto new candidates.   The clearest reason I can state for that is younger candidates exist and what do you bring against a President who is well into senior years, you bring what he doesn't have etc. so they come back with a younger candidate to oppose Biden in 2024.   We wont see this bet repeat, its already done in all but name.

[maydna]

I don't really know how 2020 us election make an impact in gambling. Unless, the new president Joe Biden will totally ban all crypto gambling sites in USA. But it won't happen since Americans love gambling. The only that influence the new administration in gambling industry is to impose high tax or ban it.

The huge amount of bet in election does not give a huge impact, only people who bet in Trump lose the money fast. I remembered when a thread here told that a person bet 5M dollars in trump side. I think he is crying out loud now.

We will not know if the election of 2020 can have an impact on gambling, but for people who are always betting on a special moment, they will search for it, and they will try to place their bet. Perhaps, that will not be too popular in another country, but people from that country can use the local casino, or even bet between them. I hope that the USA is not banned crypto and will allow people to use crypto without a problem helping crypto grow. If many people bet on that election and choose Trump, they are losing their money, but we don't know how much precisely the money people spent on that betting.

[suzanne5223]

I agreed that the US presidential election will impact gambling positively since online gambling site experience the highest gambling per bet in history but I don't see any reason why we have to be bothered by a candidate not accepting defeat when he hasn't won any of the sue he make about the election.

The only way as it can influence on gambling industry is if Trump will win trough court and many books will be in hard situation, because some of them already accepted results with Biden and already awarded people which bet on Biden. So yeah.

But in any another ways the impact will be minimal

You are absolutely right but it shouldn't influence the gambling industry because both sides of the players are already aware that the bookers have already paid the winning to the supporters of Biden's and if we look at vote result by election Biden is the winner.

[jaberwock]

People have already started talking about what they want from Biden to do as executive order. Considering Republicans do not have the 2/3 majority of the senate it is obvious that all the things Biden can do as executive order will continue to be a law, there are few ways it could be overruled I suppose, never really seen any time recently but maybe supreme court can? I do not know but it is obvious that when a president signs on an executive order, it is limited to certain stuff but it becomes the law. First thing first is cancel all the student debt.

It is a crisis that doesn't need to exist and it is waaaaay too much money into the world when they do not have to pay it to corporations who already have billions of dollars. Things like that would make USA richer and when people are richer they can gamble a lot easier and gamble a lot more money as well.

[CarnagexD]

I don't seeit inducing a huge impact to the gambling indjstry really. Except of course if a foulplay is discovered which will direclty affect the winnings of the people who have already placed their bets. Especially for those who have already enjoyed their winnings and would have a hard time, if not an imppssible time retrieving these money.

[Sithara007]

I don't seeit inducing a huge impact to the gambling indjstry really. Except of course if a foulplay is discovered which will direclty affect the winnings of the people who have already placed their bets. Especially for those who have already enjoyed their winnings and would have a hard time, if not an imppssible time retrieving these money.

Most of the gambling sites have disbursed the winning amount to those who made bets in favor of Biden. So in the very unlikely scenario of the election results getting overturn, I don't think that the other set of players may receive their rewards. To be honest, everyone were unprepared for this. Both the gamblers, as well as the online casinos. No one expected the election to be so close. The media was always claiming that it is going to be a blowout for Biden.

[virasog]

I don't seeit inducing a huge impact to the gambling indjstry really. Except of course if a foulplay is discovered which will direclty affect the winnings of the people who have already placed their bets. Especially for those who have already enjoyed their winnings and would have a hard time, if not an imppssible time retrieving these money.

Most of the gambling sites have disbursed the winning amount to those who made bets in favor of Biden. So in the very unlikely scenario of the election results getting overturn, I don't think that the other set of players may receive their rewards. To be honest, everyone were unprepared for this. Both the gamblers, as well as the online casinos. No one expected the election to be so close. The media was always claiming that it is going to be a blowout for Biden.

At the time of writing the thread, biden had won the election but trump challenged him and therefore most of the gambling sites held the results until the situation in cleared. Now it looks that there is no chance of trump electing back in the elections therefore congratulations to those who bet in favor of Biden.