Who will win the election? A look at what the prediction markets tell us

Betting on the results of the presidential elections is a massive market.

Last week (still a week before the election), one of the largest betting sites Betfair said more than £200 million (~$260M) has been bet on the election so far. Betfair predicted that based on the previous trends, the 2020 election could break £400 million (~$520M) by the close, which would by far surpass the record from the last election, which stood at £200 million (~$260M).