At 5:07 p.m. New York time on Thursday, the reports began to hit the airwaves, count by count: Former President Donald Trump was found guilty on all 34 charges in a scheme to cover up an affair with an adult film actress to illegally influence the 2016 election.
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Immediately, election bettors swung into action.
The trading volume Thursday at PredictIt, a site that continues to allow U.S. customers to buy and sell shares of political outcomes while its legality remains hazy, reached some 10 times what it is on an average day, as first bettors moved markets with anti-Trump positions, then the markets swung back as Trump backers saw value.
