PredictIt bet big on political gambling. Regulators want it shut down.

PredictIt bet big on political gambling. Regulators want it shut down.

Article brief provided by The Washington Post
  • Ben Terris, The Washington Post
January 28, 2023 12:41 PM
  • Ben Terris, The Washington Post

In 2016, Jason Pipkin was working in a biology lab at Brandeis University, authoring papers with titles such as “Mapping the mind of a fly,” when he first heard of PredictIt. It is a website where you could place bets and win money on political outcomes. Consequential things, such as who would win an election or whether a bill might pass, and trivial things, like how many times Donald Trump would say the words “Crooked Hillary” at a debate. It wasn’t brain science; some bets, such as whether Hillary Clinton would win the Democratic nomination (a foregone conclusion to political junkies like Pipkin) were easy money.

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