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Industry
February 12, 2024
Betfair: Biden’s Reelection Chances Plummeted after Hazy Memory Report
Political bettors seem to be losing their trust in President Joe Biden’s ability to win the upcoming election, as demonstrated by Betfair. According to the betting exchange, Biden’s odds plummeted following an official report about the president’s waning memory. In a response to the Justice Department report into Biden’s mishandling of top secret documents, the […]
Industry
November 10, 2023
PredictIt Bettors Impressed by Haley and DeSantis’ Performance at the Debates
PredictIt bettors seem confident in Nikki Haley and Ron DeSantis’ positions following Wednesday’s debate. At this point, both of them have a chance to grab the party’s nomination, political bettors believe. One of the highlights of Wednesday’s debate was the heated quarrel between Haley, a former ambassador to the United Nations and Vivek Ramaswamy, the […]
Industry
October 5, 2023
Betfair Bettors Believe Rishi Sunak May Lose 201+ Seats
Betfair, an international betting exchange that offers wagering on politics, said that British bettors believe the Conservatives are losing their momentum. According to statistics, customers believe that the party may lose a whopping 201 seats or more at the next general election. While Betfair customers wouldn’t be necessarily right, they have previously correctly predicted certain […]
Industry
September 26, 2023
CFTC Rejects Kalshi’s Congressional Betting Proposal
In addition to sports betting, placing wagers on different events has been gaining popularity over the last few years. Along with that, came attempts to place wagers on political outcomes, an activity that is criticized rightfully given its nature. Back in 2020, KalshiEX LLC became the first regulated financial exchange dedicated to trading event contracts. […]
Industry
August 8, 2023
Concerned Lawmakers Speak Against Betting on Political Outcomes
Betting on political events is a relatively new activity that has seen some popularity recently. Similar to sporting events, election market bets for political events can favor one candidate or another. In some cases, bettors can wager how far a candidate may go through a political campaign or when they may drop off. In sports, […]
Legal
October 28, 2022
CFTC to Rule on Elections Market Bets
The Commodity Futures Trading Commission (CFTC), which is the primary derivatives regulator in the US, is expected to decide on a very important matter by the end of this week: should traders be allowed to place market bets on the upcoming elections in the country? Opposing voices have issued warnings regarding the risks associated with […]
Sports
February 4, 2022
Sportsbooks and Polls Suggest That Joe Biden Won’t Win the 2024 Elections
Bookmakers are willing to make everything a bet and such is the case with the next US elections. The odds of Joe Biden re-winning the 2024 elections have become longer, even though Biden is just over a year into his presidency. There’s a New Betting Favorite for the 2024 Elections In October, the former president […]
Sports
January 21, 2022
Support for Biden-Trump Election Low, Candidates Odds of Rerun High
Facing a standoff with Russia in Ukraine and dealing with one of the worst rifts in US society in the past twenty years, President Joe Biden’s chances of reelection are not looking too good. While bias often determines how we cast our votes, sportsbooks would much rather rely on cold, hard numbers and right now, […]