Bettors Abroad Are Wagering Record Amounts On U.S. Election

The video discusses the unprecedented scale of betting on the US election, with over $350 million wagered on the Betfair exchange, surpassing major sporting events. Donald Trump's unexpected 2016 victory has spurred interest, with odds for his re-election higher than forecasts. Professional gambler Paul Krishnamurty bets on Joe Biden, citing Trump's low chances. The election's volatility and longevity attract gamblers, with legal betting allowed outside the US. Political betting remains illegal in the US, but international markets continue until a winner is declared.

What is the main reason for the record-breaking betting on the US election?

• The high stakes of the election

• The popularity of sports events

• The influence of Donald Trump's 2016 victory

• The legalization of betting in the US

Why does Paul Krishnamurty believe Joe Biden is a good bet?

• Biden's odds are lower than Trump's

• Biden is expected to win a significant number of Electoral College votes

• Biden has more campaign funds

• Biden has a strong social media presence

What makes the US election appealing to gamblers, according to the transcript?

• The short duration of the election

• The lack of competition

• The certainty of the outcome

• The volatility and longevity of the contest

Where is political betting on the US election legal?

• In the United States

• In the UK and other countries

• In all countries worldwide

• Only in Las Vegas

What could prolong the US election results, according to the transcript?

• A clear winner on election night

• The absence of overseas betting

• A lack of voter turnout

• The counting of mail-in votes and legal challenges