There was no logical reason to pay out early and was clearly an emotional decision by stake and now they're looking to make it difficult for Trump bettors by adding scenarios and conditions that shouldn't be applied because if everyone was waiting, there would be no "invalid" scenario. This is quite concerning and should not take place as I don't see any of these conditions on any mainstream legit betting platform and markets. predictit, paddy p, william h, betfair, are ALL either open or frozen waiting for congress to settle this afaik.
No logical reason? Are you living under a rock or something? Majority of the world has already acknowledged Biden and Harris as the POTUS and VP. Even the official results are matching the projections currently. This isn't similar to Gore vs Bush.
Books like Stake, Sportsbet etc who paid out Biden bets early are being applauded for taking risks and have improved their overall reputation while the books and exchanges that you mentioned are being criticised for late payments.^^
Totally agreed with you on this point!
The ones who have not settled as of yet are taking a massive risk of alienating their customers with withholding their bets due to their odds providers not giving them the O.K to release those bets on biden.
I am personally starting to question these sportsbook websites which do not and their motivations behind it.
So they are going to hold players funds until February if necessary due to those who they hold a license with? To me Stake did the correct and proper thing to keep customer relations in good standing.
Unlike Pinnacle held sportsbooks.
Sportsbet.com does not overrule the constitution, what stake did was adding unfair conditions and overruling. These are serious allegations and the DOJ is involved! Only dishonest people would not allow audits in the most important election of the US!!!!!! This is not a game, they're choosing the US president, there are many procedures in order to make sure that the election was transparent!
Whether I could expect naiveness from a player, I would never expect this from stake as they should know that US election is not over it can last as long as it takes to investigate and bring more clarity until Jan 20 if needed, for the sake of ensuring fairness not only for the US as a country but for all involved in the process (bettors included)....
There is more than a billion USD on "hold". Those platforms have top notch legal team and predictionists, are legally authorized to operate in US and EU and I should believe you? If they took that decision is because LAW matters. The Supreme Court can easily overturn these counts if the process is considered uncostitutional, the electoral college could possibly not meet, and who knows what else.
EU US authorized providers are being responsible and I could argue that maybe stake rushed to this decision because it was accommodating them, who knows?
The fact is that the industry standard and operators authorized by betting authorities behave this way, the only legit provider paying out is sportsbet.com afaik and they don't overrule the process by "invalidating" the US constitution as stake is doing....
https://helpcentre.sportsbet.com.au/hc/en-us/articles/360052142091-Joe-Biden-Early-Payout which is illegal and any authority would say the same in the matter given that no legal and fair odd provider would invalidate the output resulting at the end of this process.
I'm not arguing with third parties, I came here to address and receive an official answer from stake, publicly and transparently on this forum. You are clearly stake shills to say this and your sportsbet.io company operates under the same curacao license as stake so you're biased just to speak about this and it's shady seeing this too. This bitcointalk thread is clearly biden biased and I'm not taking action here, it would be pointless, I am officially asking stake to address this publicly and transparently because the law is clear, all legal providers in EU and USA are doing this, stake should not be any different from them if they're lawful.
Mentioned providers are industry leaders with billions of USD of aggregated market value, they surely know more than you and they're doing this right because the law is pretty clear and the constitution lays out the full process perfectly (media is never mentioned in the constitution). Serious providers know this very well and do not take risk in a process where the Supreme Court is involved as they provide election odds and betting since the beginning of political betting and they know how to operate correctly and moreover LAWFULLY and FAIRLY.
If they're dumb enough to enforce such illegal overruling, then rest assured that the failure to comply with the betting authorities for the settlement of the bet would result in fraud allegations and pursuit via the same authorities. I represent a huge part of the trump bets and if authorities rule is not respected be wary that stake has no right to not comply to such ruling meanwhile trump bettors in the eventuality of a trump win are fully within their rights and entitled to the win, stake would be smart to have this very clear and not play dangerous games by adding rules where law is the rule. Betting authorities don't care about KYC they care mostly about AML, but you better know that fraud would be a whole lot worst than AML breach, I think stake knows this very well reason why I am surprised to see that in the announcement, you better do this right.
