Bet Money On Presidential Election

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  2. Can You Bet Money On The Presidential Election
  3. Bet Money On Presidential Elections
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Home » Blog » 2020 Presidential Debates: Biden vs. With less than two weeks until Election Day, more people than ever are following the money—specifically, political betting markets—to get a better read on who will be the next President of the.

The third UK Election in less than five years is in the history books – with the Conservatives winning the 2019 General Election with a huge majority.

The United Kingdom went to the polls on December 12th for the third General Election in just over four years, and despite late support for Labour – at least in the betting – in the hours leading up to Election day, Boris Johnson’s Conservatives romped to victory, winning with their biggest majority since 1987.

A disastrous Election for Labour saw them suffer their worst result since the 1930’s, losing seats in the North of England, the Midlands and Wales in places which backed Brexit in June 2016, leading to Jeremy Corbyn immediately announcing he will not lead the party into the next Election.

The 2019 Election also saw the Lib Dems fail to win any new seats, leading to party leader Jo Swinson stepping down after losing her seat to the SNP in Dunbartonshire East.

Boris Johnson’s huge victory now means the United Kingdom is set to leave the European Union at the end of January, with the Prime Minister saying he now has a mandate to take the UK out of the EU in early 2020, “no ifs, no buts”.

If you’re on this page, you’re likely already aware that political betting is big business these days. Over £20million was wagered in the United Kingdom alone on the last General Election, with several bookmakers taking six-figure bets on Election markets from customers across the UK.

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Bet Money On Presidential Election Poll

To say there’s a lot for political punters to get excited about in the coming weeks would be a huge understatement, and betting on politics is expected to grow in terms of the range of markets, and the sums wagered, in the coming months and years.

And while the immediate focus when it comes to the latest political betting odds concerns Brexit and the future of Labour and Lib Dems, betting on the next US Presidential Election is also popular – partly thanks to Donald Trump.

A wide-range of Brexit betting markets are proving popular as the future of the UK’s relationship with the European Union continues to dominate the news.

Brexit betting has been ongoing in various shapes and forms since before the EU Referendum. Back in 2016, ‘Leave’ had been 9/1 as polls closed on voting day, while Remain had been odds-on throughout the day as the United Kingdom went to the polls. In fact, a Remain verdict was rated about a 90% certainty with some bookmakers as the polls closed.

Close to £20m had been gambled on the outcome of the Referendum, and millions more have been wagered since then as political punters continue to bet on the UK’s future.

When it comes to the next General Election, you can bet on the obvious markets such as the Most Seats won, the next Prime Minister, Overall Majority odds and more.

Betting on the exit dates of all the major political party leaders is widely available, as are odds on the date of the PM’s exit from 10 Downing Street.

Here at BettingPro.com we’ll have the next General Election odds covered on these pages, as well as the latest Brexit betting news and plenty more!

Bet money on presidential election debateMoney

Key Political Dates – 2019 to 2021

DATEEVENT
December 12, 2019UK General Election
January 31, 2020Brexit
February-June, 2020US Primary Election or Caucuses
May 7, 2020UK Local Elections
July, 2020Democratic Candidate Confirmed For US Election (to run against Donald Trump)
November 3, 2020US Presidential Election
January 20, 2021Inauguration Of US President
September 30, 2020

Key Takeaways

  • Augur’s prediction markets have been buzzing as crypto users look to bet on the outcome of the Presidential election.
  • This interest can be measured in the amount of money circulating between the three top prediction markets.
  • Participants are not exclusively American.

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Three markets on Augur, a decentralized prediction market, amassed a total of $111,000 following the first U.S. Presidential Election Debate. Joe Biden is the favorite candidate, according to Augur users who are putting real money down to back up their opinions.

Augur Markets Rake in Election Bets

Augur is a prediction market that allows crypto users to create no-limit bets using simple questions about economics, politics, sports, and other sectors.

It has been buzzing with activity since the debate, and the official Augur project went as far as to create YTRUMP and NTRUMP tokens, which some users have taken to trade on Uniswap and Balancer.

Anyone can create a prediction market on Augur or bet on the outcome of established questions. The platform leverages incentivized consensus reporting to ensure that outcomes are honest and representative of reality. The reporter must stake a particular amount of REP, the platform’s native token, and DAI to keep them accountable for their observations.

Alternatively, if users suspect that the reporter is misrepresenting the truth, they can call upon the dispute system to absolve the reporter from their stake and enforce the correct outcome.

Prediction markets can be useful tools for determining a community’s sentiment for future outcomes. However, there are issues.

In the 2020 U.S. Presidential election, cryptocurrency users can only represent a small segment of the U.S. voter population. Foreigners, like those in Europe or Asia, can just as easily participate if they are so inclined.

Despite the assortment of nationalities likely participating in the most significant bet this fall, they appear to favor Biden. Cryptocurrency users have sharply lost confidence in Trump, as shown by their bets following the presidential debate.

This sentiment is especially visible on the FTX presidential futures contract, where the price of the TRUMP futures contract sharply dropped after the debate losing 8.11% in value per share.

FTX created six futures contracts for presidential candidates. These contracts default to $1 if the candidate wins, and $0 if they lose the race.

Regardless of the average crypto users’ political stance, as it stands, the upside is much greater if they put their money on the current president’s reelection.

Can You Bet Money On The Presidential Election

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Bet Money On Presidential Elections

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