Some people lost more than $100,000 betting that Trump would win and are citing election conspiracy theories to sue the bookies
By Insider@insider.com (Taylor Ardrey) 41 mins ago
People who bet thousands of dollars in favor of Trump winning the election are now planning legal action against online gambling sites, according to a report by The Daily Beast.
According to The Daily Beast, some European bettors still have hope that Trump has a fighting chance to be victorious and are calling out Betfair— a major online gambling site—for ending bookings after president-elect Joe Biden cemented his win by receiving more than 270 Electoral College votes.
"The Next President market rules stipulated that we would settle the market on the candidate that had the most projected Electoral College votes. Following the Electoral College votes being cast, that candidate is clearly Joe Biden," Betfair said in a statement.
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Bettors who wagered thousands of dollars that President Donald Trump would win the 2020 presidential election are now planning legal action against at least one online gambling site for their return, according to a report published by The Daily Beast.
European bettors told the publication that they bet money on a major online gambling service called Betfair in favor of Trump winning the 2020 election. Now they're calling out the company or filing suits because they still believe that Trump could be victorious, according to The Daily Beast.
However, earlier this week, president-elect Joe Biden solidified his win when he officially received more than 270 votes from the Electoral College defeating Trump. Biden's victory follows weeks of Trump and his associates' baseless claims and lawsuits calling voter fraud.
"The Electoral College formally cast its votes on December 14 and this enabled us to settle the remaining Betfair Exchange markets on the US election," Betfair said in a statement. "The Next President market rules stipulated that we would settle the market on the candidate that had the most projected Electoral College votes. Following the Electoral College votes being cast, that candidate is clearly Joe Biden."
READ MORE: Some people lost more than $100,000 betting that Trump would win and are citing election conspiracy theories to sue the bookies:
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Posted By: Dea. Ron Gray Sr.
Wednesday, December 16th 2020 at 11:15PM
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