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Joe Biden will be the 46th President of the United States

Multiple media organizations have declared Biden to be President-Elect.

Democratic presidential nominee Joe Biden speaks at The Queen theater on November 05, 2020 in Wilmington, Delaware. Biden attended internal meetings with staff as votes are still being counted in his tight race against incumbent U.S. President Donald Trump, which remains too close to call. Photo by Drew Angerer/Getty Images

Former Vice-President Joseph R. Biden will be the 46th President of the United States according to multiple media outlets including the Decision Desk, CNN, ABC, and NBC News.

Biden’s journey to the White House was beset with several setbacks, including early losses in states like Florida and Texas where he had hoped to gain early victories. But the early vote in Arizona began to give him a viable path, and it might not even be necessary now with a slow-and-steady climb via vote-by-mail and absentee ballots in states like Wisconsin, Michigan, Georgia, and Pennsylvania.

This was an election divided by two different sets of voters: Joe Biden had the overwhelming majority of his voters either cast their ballot by mail or vote early, while Donald Trump’s supporters tended to show up on Election Day. Because of that disparity, states where early votes were counted in advance favored Biden, while those that waited until November 3rd favored the current President.

At his nadir, Biden was about +550 underdog in international betting markets to win before the polls on the West Coast had closed. But the tide began to turn when the early vote was announced all at once in Arizona, and though there were swings in both directions throughout the night and the next morning, at no point did Biden reach further depths from bettors.

Biden stands at -2500 to be declared the winner right now at Betfair, which is based in Europe and is not open to American customers.