Bookies Rake In The Cash As Bets On U.S. Presidential Election Surges To New Record

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The 2016 presidential contest has been one of many “firsts”: the first to include a nominee of a major political party under an active FBI criminal investigation, the first in which nude pictures of a candidate’s wife hit the internet for all to see, etc. Now, with less than 24 hours left until voting gets underway, according to Reuters the 2016 contest is poised to break yet another record as the “most wagered-upon political event” in history.

With many opinion polls showing a tight race just one day before Tuesday’s election, record numbers of bettors are pouring millions into online platforms from Ireland to Iowa in the hope of capturing a financial windfall from a victory by Democrat Hillary Clinton or Republican Donald Trump.

UK-based internet betting exchange Betfair said on Sunday its “Next President” market was set to become the most traded it had ever seen and expected to…

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