Tag: Election Wagering
U.S. financial watchdog argues it can scrutinize election betting ‘casino’
Wagering on elections in the United States using event contracts may now seem like an established thing – after all, millions were bet... more
OPINION: To protect democracy, D.C. Circuit should uphold CFTC’s prohibition of gambling on elections
Beginning in 2022, KalshiEX LLC sought to introduce an “event contract” allowing speculators to wager up to $100 million on the... more
Kalshi names Donald Trump Jr. as strategic advisor to prediction market firm
Prediction market company Kalshi is adding Donald Trump Jr., the eldest son of the president-elect, as a strategic advisor, the company... more
Exit of CFTC chair removes U.S. election betting opponent
One of the most influential people standing in the way of wider-spread wagering on U.S. elections is about to step aside, perhaps opening... more
Bill introduced in U.S. House would ban election wagering
After Americans legally bet hundreds of millions on the 2024 election, two members of Oregon’s congressional delegation and a Maryland... more
Betting markets eye expansion after predicting Trump’s win
On election eve, Arlene Battishill, a retired history professor and political analyst known as “Dr. Arlene Unfiltered” to her... more
As Robinhood looks at sports betting, and DraftKings at election betting, it won’t be easy for either
The sometimes overlapping worlds of investing and wagering were abuzz on Wednesday after the chief executive officer of Robinhood Markets... more
Under pressure, Polymarket bows out of France
The crypto prediction market operator Polymarket has ceased to accept French players after the country’s gambling regulator, the... more
UK Gambling Commission considering charges in election-betting scandal
Up to five people – possibly including a politician – could face prosecution in the betting scandal over the date of the... more
Online prediction betting markets look ahead after U.S. presidential election triumph: ‘We’re just getting started’
Betting markets had a great election. With billions of dollars wagered on who would take the White House, their projections proved closer... more