Bitcoin betting surges during US election season

Donald Trump and Hillary Clinton may be considered to be the least popular presidential candidates in the history of American politics, but that hasn’t stopped punters from pouring in a record number of wagers into betting sites.

The recently held 2016 U.S. presidential elections has been called the biggest non-sporting betting in the UK’s history, surpassing even the Brexit referendum, with punters spending more than £150 million on the outcome.

Bitcoin betting sites, such as Fairlay, BitBet, Predictous and BetMoose, also experienced a surge during the election season.

In an interview with Brave New Coin, a Fairlay representative said that a single political bet on its site attracted 4,356 predictions, which are worth an estimated $956,000 at current digital currency exchange rates.