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Regardless of the results, the 2020 United States presidential election will prove historic in a number of ways. The forecasting and betting market is no exception.

While legal wagers on the contest between President Donald Trump and former Vice President Joe Biden are not offered through U.S. sportsbooks, the action has caught fire at offshore spots and across the pond.

It is legal to bet on the contest in Europe, however, and more than $1 billion — double the amount from 2016 — is expected to change hands, Matthew Shaddick, head of political betting at British sports betting and gambling firm GVC, last week. Offshore book the election has surpassed the Super Bowl in terms

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