How will the 2020 presidential election impact the market?
Mainstay Capital Management CEO David Kudla discusses his outlook for the markets.
A British gambler has reportedly staked $5 million on President Trump winning Tuesday’s election — a wager believed to be the largest ever political bet.
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The former banker used private bookmakers registered on the Caribbean island Curacao for the bet at odds of 37/20 — meaning he could get a $15 million payout, sources told The Sun.
The mystery gambler confidently went all-in after consulting with “Trump camp insiders,” according to the report.
PRESIDENTIAL ELECTION SETS BETTING RECORDS WITH $1B IN WAGERS POSSIBLE
“Word of this bet has done the rounds and we think it’s the biggest ever made on politics,” one betting industry source told the UK paper.
While illegal in the US, betting on politics is popular in the UK and many other countries — and the 2020 election is shaping up to be the biggest betting event of all time.