How will the winner for settlement be determined?
Our markets settlements will be based on the candidate projected by the Associate Press to have the majority of the Electoral College votes (270+) as per our Terms & Conditions
When will the market be settled?
Market settlement will occur when a winner has been projected by the Associated Press and the losing candidate has conceded defeat. Both events will need to have occurred for us to settle this market.
Why is settlement based on the ‘projected’ winner?
The projection from the Associated Press is used for settlement as final counts of the Electoral College votes can sometimes take weeks to finalise and formalise.
What is the popular vote?
Popular vote means the raw amount of votes a candidate gets in the whole country.
Eg; 49m people vote for candidate A, and 51million vote for Candidate B, candidate B has won the popular vote by 2million. The "national popular vote" is the sum of all the raw votes cast in the general election, nationwide.
When will the market for the popular vote be settled?
Settlement of this market may take some time to finalise due to the need to ensure all votes are counted before a winner can be confirmed.
What is State Betting?
This is the betting on the popular vote outcome within a specific state. The winner of the respective states popular vote receives the electoral college votes for their party. Each state receives a different number of votes based on size and population of that specific state.
How is state betting settled?
State Betting is also settled in accordance with the projected winner of the respective states electoral college votes as announced by the Associated Press.
Will cash out or multis be offered on the 2024 US presidential election?
We will not be offering cash out’s or multis for any of the markets relating to the presidential election.
What will be traded live?
The outright, and 7 key swing states will be traded live on the day of the election as well as any other states that look to be competitive on the day. Electoral College handicaps and vote share percentages will also be traded live.
What is a swing state?
A ‘swing state’ is a state that historically is not aligned to a particular party and/or candidate. Because of this, these key states results are generally responsible for how the election goes.
What is a Faithless Elector?
A faithless elector is an elector that votes for someone other than the candidate/person they had pledged to vote for prior to the election.
Will Faithless Electors count in Electoral College Market settlement?
No. Faithless electors will not count in any market settlement as per our Terms & Conditions.
What if there is a 269/269 electoral college tie?
As per our terms, in the event of a tie, or that no candidate receives the requisite 270 electoral votes to become President, the results will be settled on a vote of the United States’ House of Representatives as per the 12th Amendment of the Constitution. Faithless electors will not count.
What is a close win?
This is when a candidate wins by a close margin. Should a candidate obtain 270-310 Electoral College votes, there is a higher likelihood for court challenges, and a potential for ballots to alter the outcomes in swing states.
What will happen if a close win is declared on election day?
Should a close win be project there will potentially be delays in settlement due to the likelihood of court challenges and the time required to complete recounts. The market will be settled as soon as the conditions of ‘Settlement Timing’ per our Terms & Conditions are met.
What is a court challenge
This is where a candidate turns to the courts to dispute the election results and/or request a recount to change the outcome of a candidate reaching 270 votes. This is generally handled by the state courts, but in some instances can be escalated to the Supreme Court.
Will court challenges effect settlements?
Our market settlement can be delayed as settlements are reliant on the outcomes of the challenges.