Proponents of a market taking bets on who will win the 2024 presidential election are likely to prevail in their lawsuit accusing federal regulators of improperly ordering the market to close, a divided Fifth Circuit panel ruled Friday.
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The PredictIt website offers armchair political pundits a way to make some pocket change by placing small wagers on election outcomes and the actions of politicians.
The site is now selling shares — taking bets on future political events — for 10 “markets,” the most popular of which at 47.6 million shares traded is whether former President Donald Trump or Florida Governor Ron DeSantis will be the Republican Party’s 2024 presidential nominee.
