Punters still betting on Trump even though his legal and other efforts to stay have floundered

Punters still betting on Trump even though his legal and other efforts to stay have floundered

Even after everything that has happened in the past few days Betfair have continued to keep their 2020 next president market open and the total amount of bets matched now exceeds £908 million. Given the terms of their market as set out on PB several times this is a nonsense and this should have been settled two weeks ago.

Betfair has done its reputation no good with its handling of this.

There have been two big developments in the US over the weekend. The legal efforts in the courts by Team Trump to claim there was fraud even though they have no evidence is quite literally getting laughed out of court. The latest humiliation was in Pennsylvania.

Secondly and probably more significant at this stage is that more leading Republicans are coming out and saying that the winner was Joe Biden. The former Governor of New Jersey who played a big part in Trump’s preparation for the debates declared that the “legal challenges against election results have become “a national embarrassment,” He went on:

 “I have been a supporter of the president’s. I voted for him twice, but elections have consequences, and we cannot continue to act as if something happened here that didn’t happen. You have an obligation to present the evidence.”

With five GOP Senators now having gone public Trump is going to find it harder keeping others silent.

Mike Smithson

UPDATE: These are the markeThis market relates to whether the UK government re-introduces any legally enforceable restrictions on social contact in England related to the spread of coronavirus, following the legal end of restrictions on social contact (currently expected to take place on 19 July 2021). Examples may include, but are not limited to, the mandatory wearing of face masks on public transport or the closure of pubs/nightclubs. For the purposes of this market, restrictions will not include any regulations on international travel or any regulations related to self-isolation or quarantine. For the purposes of this market, ‘re-introduce’ does not require any restrictions to exactly replicate previous restrictions. If the UK government does not end restrictions on social contact in 2021, and thus could not ‘re-introduce’ restrictions, this market will be void. Dates in this market relate to when any restrictions come into force in England, rather than the date on which they are announced. All times and dates in this market are in UK time. Clarification (14 July 2021): This market refers to mandatory England-wide measures introduced by the UK government. Any measures that are introduced locally or by individual companies (e.g. Transport for London only) will not count towards the settlement of this market. Clarification (6 September 2021): If ‘vaccination passports’ are required for entry to nightclubs or other events, this market will be settled for yes, so long as the measure satisfies the other conditions in the market rules, i.e. that it is mandatory, implemented by the UK government, England-wide and legally enforceable. Clarification (12 October 2021): If vaccines become mandatory for people working in care homes at any point in 2021 (https://www.gov.uk/government/publications/vaccination-of-people-working-or-deployed-in-care-homes-operational-guidance/coronavirus-covid-19-vaccination-of-people-working-or-deployed-in-care-homes-operational-guidance) this market will be settled for yes, so long as the measure satisfies the other conditions in the market rules, i.e. that it is mandatory, implemented by the UK government, England-wide and legally enforceable.

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