A British gambler has reportedly staked $5 million on President Donald Trump winning the 2020 presidential election — a bet touted as the biggest-ever political wager ever made.

The British man, who is a former banker, reportedly utilized sportsbooks registered on Curacao in the Caribbean island for the bet at odds of 37/20. He could receive a $15 million payout.

A betting industry source told UK paper The Sun, “Word of this bet has done the rounds and we think it's the biggest ever made on politics."

The U.S. presidential race has proved to be a boom for bookies abroad. While betting on politics is illegal in the country, it is popular in the UK and several other countries.

Netizens took to Twitter to ask the businessman about his bet in the wake of several media outlets projecting Democrat Joe Biden the winner of the race after taking Pennsylvania. The Trump campaign has since mounted a legal defense to challenge this.

https://twitter.com/kma_ma/status/1325335924906094593

https://twitter.com/MC_Swagmeel/status/1325118486234935299

https://twitter.com/mikeinclon1/status/1323923669429735424

“Donald Trump will likely wake up with a spring in his step as more and more people think he could stay for another term,” gambling comparison site OddsChecker said on Tuesday.

“Donald Trump will likely wake up with a spring in his step as more and more people think he could stay for another term,” OddsChecker added. “Trump's odds on Monday implied he had just a 34.8 percent chance of winning the 2020 election. However, his current odds imply he's got a 40 percent chance.”

In 2016, the bookmakers only gave Trump a 20 percent chance of winning on the day before election day.

The Trump campaign, this time, made it clear that it is not backing down from the battle, as it looks to conducting large-scale rallies aimed at boosting its fight to challenge the results.

The Trump campaign has brought cases in Pennsylvania, Michigan, Nevada, and Georgia. President Trump has repeatedly floated the idea of voter fraud surrounding the elections, with the Democratic party squashing all his claims.

https://twitter.com/realDonaldTrump/status/1325432465415163904

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