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 significance of Donald Trump's 2016 victory in relation to current betting trends?

What legal restrictions exist regarding political betting in the US?