They settled the bets on presidential election before the on 14th December. They lured people in to place bets on Trump with very attractive odds on their exchange platform. People placed their bets thinking betfair would honour it on inauguration day when the true winner is announced. But instead they settled the bets based on Electoral Votes. The Electoral votes are yet to be certified on 6th of Jan, so in all fairness they settled the bets based on projected electoral votes. I know of no one who would have placed a bet based on "projected electoral votes". This is third world kind of scam run by a massive company in the UK. Do not trust them with your money! Scammers!