The Commodity Futures Trading Commission granted an academic exception to PredictIt, based in New Zealand and started by Victoria University of Wellington as a research tool, and it limits bets accordingly. That gives Biden an implied 90% chance of winning.Īs of November 30, nearly four weeks after the election, PredictIt has shares of Biden trading at 89 cents, with Trump at 13 cents, up from a low of 8 cents on November 7. So what are the odds? OddsShark’s last presidential odds update on November 7 th gave Biden -1100 odds and Trump +575. “If Trump is declared the winner, we will take a bath.” “If Biden comes in, it’s a big win for us,” Burns told the Post, explaining that BetOnline’s customers favored Trump overall. This makes for a tricky situation where we have to be sure. “People who bet Trump say it is not over. “We still have not graded a winner,” Adam Burns, sportsbook manager of BetOnline, told The New York Post. “While we appreciate that various media outlets have projected a result, these results are not official.” Morrow says Bovada will pay out on Biden as the winner when and if Trump concedes or “exhausts his legal challenges and pending recounts.”īetOnline. “The winner of the 2020 presidential election was and continues to be the biggest event in Bovada’s history,” Bovada political oddsmaker Pat Morrow wrote on November 7.
