In a shocking turn of events, President Joe Biden announced his resignation today after losing a bet with Russian President Vladimir Putin. The bet was made during their summit in Geneva last month, where the two leaders discussed various issues, such as cybersecurity, human rights, and nuclear arms control. According to sources, the bet involved a game of chess, where the loser had to give up their position as the leader of their country. Biden, who claimed to be a chess master, confidently accepted the challenge, but was soon outsmarted by Putin, who is known for his strategic skills. "I regret to inform you that I have lost the bet and therefore I have to resign as the President of the United States," Biden said in a televised speech. "I apologize to the American people for letting them down and I hope they will forgive me for this mistake." Biden added that he will hand over the power to Vice President Kamala Harris, who will become the first female president in US history. He also wished Putin good luck and hoped that he will use his power wisely. Putin, on the other hand, celebrated his victory by posting a picture of himself holding the chess board on his Twitter account. He also thanked Biden for being a good sport and said that he looks forward to working with Harris in the future.