You need to learn about the Constitution and the Law. Now it's all a matter of informed vs disinformed. You don't have a clue at all. Screencap this because Betfair just killed itself.

https[Suspicious link removed]cutive-order-imposing-certain-sanctions-event-foreign-interference-united-states-election/

Betfair has settled the market today, however they can resettle if it was settled wrongly. The bet is "Next President" If Trump is sworn in they must pay. Class action lawsuits are onboard already. I expect Stake to pay if the election goes to contingent and wins accordingly to the 12th Amendment. Accordingly to Betfair policy, every market incorrectly settled will demand pay back. Stake can't get their money back but I expect them to resettle if Betfair does it. Because that's the policy. I feel betfair is your odd provider given that they have the same "Next President" bet. But in any case, if disputes priorly to the sworn in are proven to be true and the election is overturned. The bet shall be overturned. Otherwise the same lawsuits going to Betfair way will go to Stake way as well.


https://i.4cdn.org/pol/1608025661315.png

We are waiting to see how betfair and all the mega exchanges with 100,000,000s on the line settle before making a final judgement. We were the only crypto website to pay out early on biden while still keeping trump supporters on the line for potential winnings. I really am tired of hearing complaints when you have not even waited to see how this gets resolved. Don't sweat over a hypothetical situation

[/quote]

Betfaur has other conditions, the bet clearly says next president, Paddy Power has the same title so I feel like your odd provider is the same, anyways we'll find out what your oddp provider is

Time to debunk and address this shady and potentially fraudulent statement by Stake

Given that we are taking bets on the result of the election a winning Trump bet will only be possible if certain criteria are satisfied. All of the following would need to occur:

First of all, Stake has ZERO legal authority to set criteria differing from the legal output outlined in the 12th Amendment of the US Constitution.

Trump receives 270+ electoral college votes

This will be the likely outcome but to be precise, even if a contingent election goes on a tie, the US Constitution provides the solution. The only legal outcome is the outcome related to the US Constitution, there's no interpretation.

Biden concedes

This is ridiculous because is not outlined anywhere in the US Constitution and it doesn't produce legal effects

If Trump is democratically elected by the people and is recognized as the legitimate president of the USA, then Trump bettors will get paid.

Who decides is democratically elected? Stake bias or the US Constitution? The latter obviously

Scenarios where Trump bets will NOT be declared a win:

Trump successfully carries out a coup

This shows how who wrote this fell from the media bias because a "coup" would require changing the US Constitution, which would "de facto" invalidate the whole election

It's also funny because the "coup" has been tried by Social Media, Big Tech and Mainstream Media bias. The US President is just disputing the biggest discovered fraud in US history and he's doing it accordingly to the US Constitutional process that guess what, exists to safeguard exactly from fraud (which is the real coup" if it was Biden doing that, the fake media would never use the "coup" rhetoric but they would instead say that's important to preserve voter integrity, funny double standard here.

Nobody can do a "coup" in the USA, it's literally impossible, media are trying to say that questioning a fraud undermines the integrity but saying that the sitting president is staging a "coup" doesn't undermine, however, the constitutional process is working and the US Supreme Court will take a big case raised by the state of Texas against MI WI PA GA AZ, however, casual news consumers will never know this

Is voted in by the states

This is in the US Constitution so you must pay.

Simply refuses to leave the White House in January

This is actually the only valid point, but it's ridiculous to think that in the US an illegitimate President can remain in the White House

Any similar contentious outcome


After Jan 20 2020, any contentious outcome would take place only AFTER the President is sworn in by the Chief Justice of the Supreme Court. So the election would've already produced legal effects and there would already be a winner, so a contentious outcome after Jan 20 would not change the election result as it's not disputed via the Constitution but rather via an impeachment procedure that already recognizes the new President as such.
We will do our best to employ logic and reasonability around our outcomes as more information comes into play.


Legal reference to this:


You could've just said, if Trump is sworn in, bettors will be paid. That's it, easy. Or even better you should've stick to your odd provider which has not graded Biden bet, but instead you graded it manually at your own risk and later have produced this misleading and potentially fraudulent statement when even Las Vegas didn't grade the bet. Additionally, you gave free money to biden people, while you had the legal right to not do so and later produce this statement in which you don't have any legal right to handle the bet this way. A piece of advice, do not concede to these demands because if you concede to these demands you can be exploited again and again

Additionally, I think that in the end you'll make this right but you should either delete or correct this statement because it makes you look inexperienced in the political field and it doesn't look good at all. You should've listened to your CEO @micro which is the only one that expressed the right opinion in this sense. There are bigger platforms with million dollar lawyers that have been paid for this, if such platform handled the bet that way there is a reason no?


Stake should hedge on Trump if they didn't already and they better be prepared to pay accordingly to the Constitutional outcome of the election, not Stake interpretation. You should've listened to your odd provider and save a lot of money. In any case, if Trump is sworn in on Jan 20 and all providers grade the bet Stake doesn't pay, be prepared to get a class action lawsuit and lose all you've built. And @stunna shouldn't make statements like "some crypto betting already settled for biden" because it makes him look incompetent similarly to those crypto incompetents that already settled the bet because media says so, Unibet has understood their mistake and corrected. Many more will follow. You should've just followed the industry standard, that would've saved you a lot of money. Make it right and be prepared because I will not get a political take, but I'll just say that Trump will win when the fraud is exposed, to be honest he already won. You are in for a lesson in how elections work and disputes until Jan 20 is a safeguard in the 12th Amendment against guess what? Fraud. Aside from the betting money, I want to say one last thing, anyone with a computer that hasn't figured out what's been on is brainwashed, even the inventor of e-mail stepped to expose the fraud with a very accurate data analysis, but don't worry, the US Supreme Court which has accepted the case filed by the State of Texas today and will accept other cases as well will safeguard the US people, as well as ensure that many traitors who tried to steal this election will go to jail. Luckily the US Supreme Court doesn't listen to the media otherwise the Deep State would've won. Going back to the bet issue, this is not a request, this is an official notification. Stake make it right or pay the consequences, also, delete that statement or update it because it doesn't look good on your company, it makes you look unexperienced, personally and politically biased and potentially engaging in an act of bad faith by leveraging illegal risk solely based on your opinion. Stake (like media) doesn't decide elections. I trust more your odd provider at this point.

Anyways, for who's interested in unbiased reporting you can find all about the election live and in real time here: https://www.theepochtimes.com/

I will not answer to casual news consumers that don't employ research and talk the media rhetoric like good puppets. This is just a statement for Stake to read because A LOT of Trump bettors may think the same but don't have the legal knowledge to correctly articulate this. My statement aims to defend them.

Whitepaper for those who actually want to research: https://mma.prnewswire.com/media/1359230/Electoral_College_Deadlines_White_Paper.pdf?p=pdf

I hope I don't have to take any legal action along with Trump bettors and I hope that Stake as they say in the last part of their statement "will do its best to employ logic and reasonability around the outcomes as more information comes into play" but be assured that there is no interpretation, your odd provider is right, you shouldn't have agreed to be exploited by ignorant people that don't know how election works, you had all the legal rights to refuse early pay and that was a more professional way to handle it because such bettors were not legally entitled to nothing, but as long as the real winners get treated fairly, I don't care who Stake donates to.




 

Thanks, it seems to be only mobile issue. That's fine.

Scotus has divided the districts they're going to oversee, https://www.supremecourt.gov/orders/courtorders/112020zr_8o6a.pdf

Anyways, I won't argue, you're right, the media gets to rule over everything, constitutions don't count, fraud is non existent https://hereistheevidence.com/

You should've just chosen not to reply, because dismissing such matter with simple mind isn't a good trait, but yeah, you're right, the media rules, now move on...

It's fake, SCOTUS has already divided the electoral districts they're going to oversee.. https://www.supremecourt.gov/orders/courtorders/112020zr_8o6a.pdf It's reported only on official documentation, there is no MSM reporting on it, but think what you want, truly, I don't care.... It's not that simple and to be honest, you don't deserve an answer, go find it yourself and avoid replying me please... You are right and everyone else is wrong. Move on

Seems the IP is been flagged, blocked by my betting authority here. Can Stake please explain? Are our funds safe?

Btw, I want to be clear no political discussion, I respect everyone and I expect to be respected as well, not to be doxxed, not to be called conspiracy theorist or else.

I expect unbiased arbitration on the election and I want to be very clear. I chose Stake because I believe in their history, track record and portfolio proposition, I think most centralized betting platforms are scams, I work in the crypto industry since a while and I have competences and skills to assess this. Reason why I voted with my money on Stake and I think there's no biggest trust sign than this. This is for saying that I respect Stake very much.

I want to highlight and address this to Stake in a fast, prompt way and I ask please not to quote or answer with toxicity on this because it's very important for all who are still in the limbo of this election. Given that states in voting is in the rules and in the 12th Amendment of the Constitution i don't think Stake has authority nor should interpret this given that the SCOTUS is the biggest level of arbitration in this (if this goes to SCOTUS which will probably be). Many Trump bettors may be in a distress phase because of the media repression and censoring on this. Reason why I advise Stake to do as major regulated provider do, because you should know that as crypto company, the best way to comply is to follow those who are regulated. And I am telling you, if SCOTUS ruling or any official ruling at the federal level won't be paid, there's all the basis for fraud. This is just for saying, as I said, I would've never used Stake if I didn't think they were legit. I see a lot of value in your platform and I think that with more decentralization on the tech side and more compliance on the reg side, Stake would be comparable to major betting platforms like Betfair. As of now in terms of value proposition I think they are the best in crypto betting accordingly to history, volume, portfolio. If they want to place well in the political betting, this was no easy election but fair arbitration to this will give them more know how and customers will trust them. Because for example, UNIBET settleted market early, now they came back saying they will pay Trump if he wins. That's unprofessional to change this way. What Stake did is instead very professional, as I get that the statement is not updated, I would suggest Stake when they have time to update it accordingly to the rules rather than interpretation, I know that in the end they would recognize unbiasedly but it'd be very good if you guys can dedicate some time for those stuck in this and provide them a reassuring update, because the current one it's not compliant. I know you'll pay as Stunna said, but need to make sure that your ANN resembles more transparency and less conditions. To be honest it can be only one phrase "If Trump is sworn in, we'll pay" can be is as this. Anyways, I am not talking about this anymore and this is not political take, this is just money. For the political side I won't talk but who's interested should know that I do poitics since 8 years and I am an economic, legal, political analyst, what is going on in this election is historical and there is a JFK executive order that predicted this and will be very useful to find the truth. Anyways, this is just a statement in the interest of Stake and Trump bettors, take these remarks as you want but be sure that the compliant way is the right way, everything else can have a very high price to deal with and I am sure you guys don't want that. An humble advice would be advising to settle this the way regulated and licensed providers are doing (FTX, Predictit,Betfair) I am sure they will settle properly. Also you could check this is mean average of odds between these providers, https://www.electionbettingodds.com/

I conclude by saying that I respect and send my best regards to all in this board and who's reading and I remind you that this is the bitcoin forum and we should welcome independent discussion, information, transparency, especially when it's against the establishment that created centralized infrastructures like banks, media, etc.

Good luck to all and I don't want to have any attack from this nor I will engage in negative discussion. I am positive and I expect who's gonna quote this to be respectful and not mean. Let's be nice to each other, it's better. I know that when politics is involved cannot be easy, but this election ain't easy. Thank you guys!!

At least you could quote me as well given I asked this and showed it's already addressed

https://republicans-oversight.house.gov/wp-content/uploads/2020/11/Letter-to-GSA-re-Transition-final-11.13.20-1.pdf

[/quote]

?? This is the latest major update from house of reps afaik

https://republicans-oversight.house.gov/release/hice-gsa-administrator-must-adhere-to-constitution-past-precedent-in-determining-president-elect/

I don't know what you are talking about btw... I write to stake officially rather than wasting time here... cya..

https://validator.curacao-egaming.com/validate?domain=stake.com&seal_id=98adc75a23c9973ef0008c6f5600263b3cc7c21b4e4dc96359fc8c826e36dc77ecae70edcc5c17b38f42fb72906b46c3&stamp=a4c38d33ba2eb000eba22261334fa3dd

Why Stake license is not valid and face possible suspension?? What is going on here?

https://i.ibb.co/gVVsp2p/Untitled.png

Sportsbet does not overrule the constitution, what stake did is adding unfair conditions.

These are serious allegations and the DOJ is involved!

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 telection is not over it can last as long as it takes to investigate and bring more clarity, for the sake not only of 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.

Major 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 authorized arbitrator would invalidate the output resulting at the end of this process.

I'm not arguing furtherly, unless stake answers because 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 just asking stake to address this because the law is clear, all legal providers in EU and USA are doing this, so if their legal team advised them this is because they know how this works as they provide election odds and election betting since the beginning of this segment. If stake fails to directly address this I am going to wait and see what happens, then I will not take action on this forum because as I said before, is clearly pointless but rest assured that law is above all and an unfair treatment to trump bettors,or worst, if odd providers paying a trump win and stake doesn't, will be massive problems for stake and I bet they know already, beware.

In the event of the states voting the President in, at the moment of making the bet there was no requirement or contest, now they add this, when AT LEAST they should pay back the stakes of the Trump bets IF they say that voting in by states would make the bet invalid, which it in fact does not since it's the Constitution process and since at the moment of making the bet was for either Trump or Biden to win and become President (there was no "no contest" selection) obviously is no logical reason to pay out early. It was clearly an emotional decision by whoever owns 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 scenario. This is quite concerning and should not take place, Congress already made clear on Nov 13 that there is no "President Elect" https://is2.4chan.org/pol/1605530422321.jpg whether is voted in by the states or not, it doesn't change the Constitution. If he's voted in by the states that makes him the president, explicitly listing it as a scenario where bets will not be declared a win is just fraud, let's see what happens but be aware that this is not good.

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".