Why is this a draw?

I thought I had one a bullet game, but liched says it was a draw. In the end, the enemy lost on time, . Unfortunately I cannot upload a screenshot, but here are the moves:

[Event "Rated Bullet game"]
[Site "lichess.org/1r8GKRqe"]
[Date "2021.10.20"]
[White "LaborchefDrKlenk"]
[Black "mesutovic"]
[Result "1/2-1/2"]
[UTCDate "2021.10.20"]
[UTCTime "16:01:29"]
[WhiteElo "1113"]
[BlackElo "1098"]
[WhiteRatingDiff "-1"]
[BlackRatingDiff "+0"]
[Variant "Standard"]
[TimeControl "60+0"]
[ECO "C42"]
[Opening "Russian Game"]
[Termination "Time forfeit"]
[Annotator "lichess.org"]

1. e4 e5 2. Nf3 Nf6 { C42 Russian Game } 3. d3 Bc5 4. Bg5 h6 5. h3 hxg5 6. Nxg5 Nh5 7. Nf3 d6 8. Be2 Be6 9. O-O Nc6 10. b3 Nd4 11. Nxd4 Bxd4 12. c3 Bc5 13. b4 Bb6 14. Na3 c5 15. Nc4 cxb4 16. Nxb6 axb6 17. cxb4 O-O 18. Qc2 Nf4 19. g3 Nxe2+ 20. Qxe2 Rc8 21. Qh5 g6 22. Qh6 f6 23. Rfe1 Rf7 24. Re3 Rh7 25. Qxh7+ Kxh7 26. Rf3 f5 27. g4 fxg4 28. hxg4 Bxg4 29. Rg3 Bf5 30. Rf1 Bxe4 31. dxe4 Rc2 32. f3 Rxa2 33. Rf2 Rxf2 34. Kxf2 d5 35. Rh3+ Kg7 36. exd5 Qxd5 37. Rg3 Qd4+ 38. Kg2 Qxb4 39. Kh3 Qb3 40. Kh2 Qxf3 41. Kh3 Qxg3+ 42. Kxg3 e4 43. Kf4 e3 44. Kxe3 b5 45. Kd4 b4 46. Kc4 g5 47. Kb3 g4 48. Kxb4 g3 49. Kc4 g2 50. Kd3 { wins on time. } 1/2-1/2

The final position was
- white king is on d3
- black king is on g7
- black pawns are on b7 and g2
with black to move (black did not move, because their time went out).

In the end there is even written: "wins on time", but it still is counted as a draw. Why is that so? I do not see any kind of move repetition and black still has plenty of legal moves, the 50-move-rule also does not apply, so I do not see a reason for a draw.

White don't have sufficient material to win, So it was counted as Draw.

it is a draw because white has insufficient material to checkmate. Even though black runs out of time, white can't checkmate black. So black has the only chance to win and white can't play for a win. That is why its a draw. If my logic is not right then still it is a draw because of the rules.
regards
HI5LOLL

Thanks for the answers, I did not know these rules, good to know.

It's also interesting to know there are different rules for this.

FIDE says: running out of time is a loss, unless there is no legal sequence of moves leading to mate for the opponent. In that case it's a draw.

USCF says: running out of time is a loss, unless the opponent has no "mating material".

It is a very subtle difference, but it matters in some cases. For instance when the player running out of time has a pawn, and the opponent only has a bishop. For FIDE that would be a win, for USCF that would be a draw.

Lichess uses FIDE rules for this. Chess dot com uses USCF rules. To me, FIDE rules make more sense.

for me, when an opponent loses in time, victory is declared

Oh, that's weird:
> 50. Kd3 { wins on time. } 1/2-1/2

1/2 is this time control??

The time control tag is indicated in the PGN above:
> [TimeControl "60+0"]

@Molurus said in #5:
> FIDE says: running out of time is a loss, unless there is no legal sequence of moves leading to mate for the opponent. In that case it's a draw.
>
> [...] For instance when the player running out of time has a pawn, and the opponent only has a bishop. For FIDE that would be a win[...].

Can you help me understand this? Are you saying that there is a legal sequence of moves by which one can checkmate an opponent with only a bishop if the other player has a pawn?