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Photos: Brian Blanco/Jim Watson/AFP via Getty Images

While legal wagers on the election aren't offered through U.S. sportsbooks, betting operators have launched free contests to drive sign ups and engagement.

Driving the news: DraftKings' $100,000 pool has attracted nearly 400,000 entries, and those who pick the winner overall and in 11 states have a chance to win.

  • FanDuel's "Bet The Ballot" contest asks, "Who will win the U.S. presidency? (Joe Biden: -175; Donald Trump, +138)," plus other questions like, "Will Trump win at least one state Hillary Clinton won in 2016?"

Meanwhile in Europe, it's legal to bet on the U.S. presidential election, and more than $1 billion is expected to be wagered, according to British betting firm GVC.

  • England-based Betfair has already seen $369 million worth of bets, with 50.6% of the money bet on Biden as of 3pm ET on Monday.
  • Action has also caught fire at offshore sportsbooks like Betonline.ag, which says the election has surpassed the Super Bowl in terms of dollars bet.

What to watch: Sports betting is on the ballot in three states: Maryland, Louisiana and South Dakota.

Go deeper

Updated Nov 11, 2020 - Politics & Policy

The latest: Biden's Georgia win

Expand chart
Data: AP; Note: AP has called Arizona for Biden, but ballots are still being counted and not all organizations have called it yet. Chart: Naema Ahmed, Andrew Witherspoon, Danielle Alberti/Axios

President-elect Joe Biden's projected Georgia win will give him 306 electoral votes over President Trump — virtually matching Trump's margin over Hillary Clinton in 2016.

The latest: Trump has not yet conceded after Biden surpassed the 270 electoral vote threshold needed to capture the presidency. Instead, his legal team, led by Rudy Giuliani, has been spinning baseless conspiracy theories and throwing out evidence-free accusations of fraud.

What COVID-19 vaccine trials still need to do

Illustration: Sarah Grillo/Axios

COVID-19 vaccines are being developed at record speed, but some experts fear the accelerated regulatory process could interfere with ongoing research about the vaccines.

Why it matters: Even after the first COVID-19 vaccines are deployed, scientific questions will remain about how they are working and how to improve them.

2 hours ago - Podcasts

Faces of COVID creator on telling the stories of those we've lost

America yesterday lost 2,762 people to COVID-19, per the CDC, bringing the total pandemic toll to 272,525. That's more than the population of Des Moines, Iowa. Or Baton Rouge, Louisiana. Or Toledo, Ohio.

Axios Re:Cap speaks with Alex Goldstein, creator of the @FacesofCOVID Twitter account, about sharing the stories behind the statistics.