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Someone has placed a £1 million, or $1.29 million, bet on Biden to be the next president on the Betfair Exchange, the world's largest online betting exchange, where gamblers find other gamblers who match their wagers. Matthew Shaddick, head of political betting British firm GVC, said the 2020 election has doubled the 2016 election in terms of the amount of wagers on the race. One of the lead authors, Democratic Sen. Matt Klein, of Mendota Heights, isn't ready to call sports betting dead. But he said in an interview Thursday that he's less optimistic than before Democratic Sen. Nicole Mitchell, of Woodbury, was charged last week with breaking into her estranged stepmother's home. A trusted source for sportsbook reviews and betting content, Covers has been rating betting sites for over 28 years. To ensure bettors find the best political betting sites in 2024, wersquove developed the Covers BetSmart Rating. The overall rating for a betting site is determined by compiling individual ratings for bonuses and promotions, banking and payout speed, key features, security and trust, customer support, user experience, and betting odds.