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US Election Set to Become Biggest Ever Political Betting Event

US Election Set to Become Biggest Ever Political Betting Event

Ahead of todays US election, betting sites have said that it is set to be the most wagered-upon political event ever.

Record numbers of gamblers have bet millions of pounds on the election with Betfair saying that its Next President market is set to become the most traded it had ever seen and expected it to surpass even the Brexit referendum. On Sunday around $130 million had been bet on the election compared to $159 on the referendum.

A Paddy Power spokesman has also said that it is on course to be the biggest political event and so far the site has had about $4.38 million bet. At the same time Ladbrokes has said that about 5 million has been bet on the election. All three sites are expecting Clinton to win today but Betfair did say that those who backed Brexit are also backing Trump to win.

OCA News Editor

Jenny McKinnley is OCAs financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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