They’re not paying out because there is litigation
Predictit has it that they pay out when the electoral college votes. Probably the same with that bookmaker. Maybe we should look up the stipulations before we get all hyped
Any excuse for them to hold money longer, makes them more money. Keeping millions for a few extra months and getting interest off it is easy profit. I wouldnt pay out anyone either.
Why make it sound so nefarious? If I am betting on someone to win the election I don't expect to get paid until they legally win. If the book makes interest on that money in the meantime it doesn't make them evil, it just makes them not fucking stupid.
I had read some actually did pay out after Biden was announced “President Elect” and it’s gonna be hilarious when those bookies are gonna have to pay out to the Trump voters too lmao. I’m sure some people were already fired hahaha
No, some small time online betting site paid out for Biden being elected president. He is not and was not. I don’t have the source in front of me but it happened as far as I know. They are ducked.
I warned everybody back when these links were getting posted. Their terms make it VERY clear that ONLY THEY decide whether or which of the results are valid.
Just read the rules on several predict it markets. It says they will wait for judicial proceedings. Those weree the more recent markets, so I would recommend looking at each individually.
They’re not paying out because there is litigation
Predictit has it that they pay out when the electoral college votes. Probably the same with that bookmaker. Maybe we should look up the stipulations before we get all hyped
Any excuse for them to hold money longer, makes them more money. Keeping millions for a few extra months and getting interest off it is easy profit. I wouldnt pay out anyone either.
Why make it sound so nefarious? If I am betting on someone to win the election I don't expect to get paid until they legally win. If the book makes interest on that money in the meantime it doesn't make them evil, it just makes them not fucking stupid.
This ^
You can pay out at any time, but you can NEVER reverse your payout.
And if you pay out wrong, everyone you fucked will come after you for their money.
This is the only correct non opinionated answer.
It’s honestly both and neither is nefarious. It’s business and it’s the proper way for them to do it for everyone.
I had read some actually did pay out after Biden was announced “President Elect” and it’s gonna be hilarious when those bookies are gonna have to pay out to the Trump voters too lmao. I’m sure some people were already fired hahaha
With the one he’s referring to, to my knowledge, they said they’d pay the other side as well if President Trump ended up winning.
This guy bets.
Bookies already paid out Biden winning some states.
No, some small time online betting site paid out for Biden being elected president. He is not and was not. I don’t have the source in front of me but it happened as far as I know. They are ducked.
I warned everybody back when these links were getting posted. Their terms make it VERY clear that ONLY THEY decide whether or which of the results are valid.
I've been trying to warn people about this too and it's why most of my bets are in cabinet position markets
I’m in NV and WI markets
Most of the markets are still open though. They closed out the NY market on me, but the other 8 markets I have money in are still open.
That one tilted me i admit. Still didn't sell 1 potus share. In fact bought a bunch of .07 shares on my placeholder market (which party wins)
I got paid for Florida already though. Georgia, Arizona, and overall election is still pending.
Right. There are different stipulations for different scenarios. They didn’t pay out Trump’s 2016 win until Dec 19 last time in 2016
Just read the rules on several predict it markets. It says they will wait for judicial proceedings. Those weree the more recent markets, so I would recommend looking at each individually.