US Election 2020: Mystery businessman from UK bets £4 million on Trump's victory

An unnamed British businessman has staked nearly £4 million or $5 million on US President Donald Trump being reelected in ongoing US Election 2020. As per Sun report, mystery Bri is an offshore ex-banker put down what is being called ‘biggest ever political wr’ at private bookies on island of Curacao in Caribbean. He has reportedly consulted with insiders on Republican’s ‘Make America Great Again’ or MAGA campaign.

If Trump goes on to win in presidential elections against Democratic challenger Joe Biden, British businessman would win almost £11.5 million or $15 million. Sun cited its source saying that word of bet by ex-banker has been making several rounds and y think it is biggest ever made on politics. However, As per Associated Press projection, Biden is currently leading with 213 electoral seats while Trump is at 118 as states begin to close down polling. 

Read - US Election 2020 LIVE Updates: US Networks Project Trump Win In Ohio, Biden In Minnesota

Read - US Election: Trump, Biden Camps Field Contingent Of Lawyers In Case Poll Ends In Draw

£1 million on Biden to defeat Trump

Meanwhile, chances of Trump being re-elected increased sharply overnight in online betting markets as Americans head to polls on vember 3, according to Betfair Exchange. Republican leader's odds of winning election improved to 39% from 35% on UK-based platform, while Joe Biden's chances degraded from 65% to 61%. Betfair has betted  £1 million on Biden to beat Trump.

Due to a 2018 US Supreme Court ruling, gamblers in United States are t allowed to place legal wrs on election, even as legal sports betting is popular in country. Thus, UK's legal betting market is soaring as waging on elections in country is legal. As per reports, US election is set to be most-bet-upon event in history.

£1 million wr is reported to be third-largest bet in Betfair's history. bets are flowing into Betfair at a record pace, with £274 million having been recorded by Monday morning i.e. a day before US elections. It takes several days for a bet to appear in data, hence October 29 bet has shown up only w.

Read - US Election 2020: John Legend Slams Pro-Trump Rappers, Says 'y're Taken In By Lies'

Read - US Election 2020: Kamala Harris Says 'done Talking' About Trump, Urges To 'elect Biden'