Election betting still not exactly legal in U.S., but PredictIt odds swinging Biden’s way as Trump trial begins

Saturday, April 20, 2024 1:54 PM
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  • Eric Raskin, Casino Reports

As former President Donald Trump’s first of four possible criminal trials gets underway in New York Monday, the odds at one site in the U.S. that permits a form of election betting see him losing ground in his effort to become president again (and potentially make his legal problems go away).

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From Feb. 8 through March 15, the odds at PredictIt.org, a site where users can trade shares, stock-market-style, in election outcomes, favored Trump over incumbent President Joe Biden. But the two candidates ran about even for the entire second half of March, and since the start of April, Biden has become the favorite and Trump the underdog, by gradually widening margins.