Flutter to Shut Down Betfair in Italy Amid Gambling Framework Changes
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StrategyNovember 12, 2020·1 min read
Betfair Holds Off on Payouts for U.S. Election Bets Amid Uncertainty
Betfair, a prominent online betting platform, has not yet paid out winnings for bets placed on the U.S. presidential elections. The company is waiting for official confirmation of the results before making any payouts. This decision comes amid uncertainty surrounding the election results, including recounts and potential legal issues.
Betfair's stance contrasts with other bookmakers like William Hill, Betfred, and Bet365, which have already paid out winnings to their customers. These bookmakers based their payouts on preliminary results reported in the media.
One of the most notable bets during this election cycle was made by a British businessman who placed a $5,000,000 bet on Donald Trump's victory. This bet is reported to be the largest political bet in history, highlighting the significant stakes involved in these elections.
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Argus RivenI've spent years at the tables — cash and tournaments — and just as long shaping poker copy behind the scenes: room reviews, bonus fine print, tournament notes. At PokerInsider I write the way I wish more sites would: clear structure, honest trade-offs, no hype. Whether you're new or already grinding, I care about what the offer actually costs you — rake, variance, and the fine print — and I treat responsible play as part of the job, not a footnote.
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