Moment streamer loses £500k in bets after Donald Trump closed in on 2024 election victory

The moment a streamer lost over £500k after betting on Kamala Harris to win the US election was caught on camera.

After months of campaigning the US Presidential election is finally over, with Donald Trump beating Vice President Harris in the race to the White House.

The night has seen major winners and losers across several fronts, with the bookies raking in millions from people who put their money where their mouth is when it came to predicting the 47th president.

One of the biggest financial losers of the night was Canadian streamer xQc, who decided to throw $700k in Bitcoin (£544k) behind Harris' election bid - which, as you can see, ended very badly.

xQc, real name Félix Lengyel, 28, had shared his decision to place the risky bet on 4 November, writing on X: "This better-hit lmao, the odds are too good I had to. Don’t get it twisted. PS: Don’t get mad… I can’t even vote since I’m Canadian."

THIS BETTER HIT LMFAO, THE ODDS WERE TOO GOOD I HAD TO. DONT GET IT TWISTED 🇺🇸🦅
PS: DONT GET MAD I CANT EVEN VOTE IM CANADIAN pic.twitter.com/X2tECDEU8M

— xQc (@xQc) November 4, 2024

Which at the time, given the predictions of a very close presidential race, didn't seem like too foolish of an idea.

Oh the power of hindsight...

Not only would Lengyel's bet backfire horrifically, he also went viral due to the fact he was live-streaming as the results poured in - which saw Trump pick up wins in the so-called battleground states of Georgia, North Carolina and Pennsylvania - enshrining his reaction to the online history books forever.

Watch the clip below:

xQc finds out on stream that Kamala Harris is going to lose the election and tries to cash out his $835,000 bet on her, but unfortunately, he lost $700,000 😭 pic.twitter.com/QD9AX64CqH

— FearBuck (@FearedBuck) November 6, 2024

In the clip Lengyel can be seen checking the incoming results, before frantically switching tabs to his betting page and swiftly cashing out.

Unsurprisingly, people watching his stream and reacting to the clip on social media weren't feeling too sympathetic towards the streamer, with one person writing: "You could’ve donated that 700K$ to a charity instead of burning it."

"If there's any upside to today it's that xqc lost 700k," a second person commented, while a third person noted that it was 'crazy' to see people betting so much on political results.

However the night was a successful payout for other streamers, with Adin Ross netting a small fortune after backing a Trump victory to the tune of $1 million (£777,400).

Ross has been a vocal supporter of the president-elect in the weeks leading up to the election, even gifting the 78-year-old a Tesla Cybertruck wrapped with a photograph of him taken moments after an assassination attempt against Trump back in July.

What has Donald Trump vowed to do after winning the US election?

Here we look at the key policies mentioned by Trump and his campaign during the 2024 US presidential election.

Trump on immigration

Trump has re-committed to his plans to build a wall along the USA's border with Mexico. It was a flagship policy during his 2016 presidency, with the wall incomplete when he was beaten by Joe Biden in 2020.

He has flirted with the idea of using the Insurrection Act to achieve his means, which would give him the power to use the US Army to control the border.

On top of this, the president-elect said he will embark on the 'largest deportation programme in history'.

Trump on women's rights

Trump appointed the US Supreme Court justices who helped overturn the historic Roe v Wade judgement that resulted in 20 states bringing in strict abortion laws.

Having called these laws as a 'beautiful thing to watch', Trump has said he will not push for a direct federal abortion ban.

During the campaign, Trump said he will give all women free IVF treatment for those who are struggling to become parents.

Trump on foreign policy

Trump spent a lot of the campaign saying how global conflicts have grown since he lost to Biden in 2020.

On Russia's invasion of Ukraine, he has promised to reassess the USA's approach to the conflict, with the Americans providing huge aid to Ukraine under the Biden administration. He has promised to end the conflict, without revealing how he might do this.

On Israel's growing conflicts in the Middle East with the likes of Gaza and Iran, Trump has been critical of tactics used by Israel in achieving its aims. On protests in the USA from those supporting Palestine, Trump has threatened to strip foreign students of their visas if they take part in these.

Trump on taxes, the economy and environment

Trump says he will 'end inflation' without revealing how this could be achieved.

He has hinted at opening up the USA's oil industry in a move he says could 'make American affordable again'. Trump also is set to halt offshore wind power farms, claiming they 'kill whales and birds'.

Trump has previously described climate change as an 'expensive hoax' while committing to clean air and water for US citizens.

He said he will lower interest rates, despite the POTUS not setting them or controlling them. He says he will up taxes on imports while cutting taxes worth trillions of dollars, all while deporting undocumented immigrants.