Hi, I am a Stake user, I registered here with the sole purpose of contesting the statement: hereby https://news.stake.com/us-election-2020-statement/

As soon as I've read this e-mail I've contacted the support but they didn't give me clear information or excuses. I saw that shortly after Stake changed the conditions.

From what I see, an early payout to Biden bettors have been disbursed despite the current result is projected by the media and not certified by State authorities.

The bet in question cites "next President" and the Law in question "12th Amendment" has a precise process of execution that does not leave to intepretation.

I see that some issues raised by previous users were addressed but the rule

2. "Biden has to concede" is unilateral and hasn't been applied on all betting parties

Also, the US Constitution lays out the full election process which comprehends the eventuality in which the President can be democratically voted in by the States in the occurrence of obstruction by the House or other contentious relationships between the House and the winner of the electoral college.

So, I find quite alarming that Stake is imposing arbitrarily and unilaterally, these rules only on Trump bettors while those who have received early payout, received it solely on the basis of a media projection and on no legal basis, whether this is noble from a customer care policy, Stake does not have the authority of not complying with for example the Supreme Court which is likely to either invalidate the votes (upon proven fraud) or invalidate the whole election on the basis of the same.

Another point is that upon checking what legit providers are doing (Betfair, Paddy Power, William Hill, etc) have all put on hold the bet and their statements clearly indicate that they will abide to the regulatory decision made by US Authorities rather than interpreting the result, I ask Stake to clarify this because I am quite alarmed as this results ambiguous not to say deceptive and gives too much liability on Trump bettors which have seen their betting conditions changing on the way and additional non regulatory nor statutory conditions such as Biden concession and else, have been arbitrarily put by Stake. Also, I find the "coup" mention quite odd given that a coup would be illegal so not needed to mention. I think Stake should structure a legal team before making rushing to such decisions that result in the penalization of a part of the userbase.

I therefore kindly ask Stake representatives to clarify this and possibily fix it upon seeing the clear problems with their statement, problems from a regulatory standpoint because what Stake should do is comply to the authorities ruling accordingly to electoral law (12th Amendment) I am a Law graduate from University of Turin and I can provide my credentials to admin in case. If such request remains unaddressed I woud have to start a petition, send a formal notice of complaint to Stake and upon unfair ruling proceed with the actual complaint. I hope Stake did not add these requirements with the purpose of adding frictions to this process, and I'd ask Stake to refer to the law and the law only. Similarly to Betfair or other providers, of which I share the statement here: https://betting.betfair.com/politics/us-politics/us-election-betfair-market-settlement-scenarios-021120-51.html

While I may understand the reason why Stake decided to add those rules in order to have a procedure, I strongly advise Stake to abide by the official ruling when it will be clear. The process is laid out in the US Constitution and the President is sworn in so there's no space left for interpretation. The bet was clearly "Next US President"

If the President is actually sworn in by the States, all the bets aside from "Next President" should be refunded. If the electoral college is enough, all bets shall be graded.

I hope this helps, I am quite concerned and I want the best for the future of Stake but if they really want to be industry leaders in crypto gambling they need to have institutional behavior and follow the guidelines laid by industry leaders like Betfair and the likes, the pre payout is a remarkable act but I want to remind Stake that there are not A class bettors and B class bettors, all deserve the same fairness, especially when it comes to this scenario where some have been paid out based on projections.

Considering also the effort I am putting in this, I ask Stake to address this promptly and find an adequate solution for the piece of mind of all bettors and in order to not incur in unwanted disputes. I think Stake should follow the regulation, if they made these rules to avoid a coup they should know that a coup would be illegal and a Supreme Court ruling for States vote is not as the same as Trump unwilling to leave the White House, because the first is contemplated in the US Constituition, the second isn't.

Please Stake fix your Statement because atm it doesn't looks like is written by Legal professionals, which is concerning given the amounts at "stake".