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Sports
November 7, 2024
Election Betting Frenzy Poised for Major Payout After Trump Victory
Countless gamblers who bet on the US presidential election now cannot wait to get their hands on huge payouts from online betting sites after Donald Trump’s surprise win. Gambling websites expect to give out about $450 million in total. But some lucky winners might have to hold on for a bit before they can grab […]
Sports
November 6, 2024
US Influencers Promote Betting on Polymarket Despite Ban
Polymarket, a prediction market platform that is decentralized, is getting US-based social media influencers to push election betting. Influencer Marketing Efforts Persist Despite Federal Betting Restrictions on Polymarket This has been happening even though federal rules do not allow Americans to place bets on the site. People with influence on platforms like Instagram are putting […]
Industry
November 6, 2024
Election Day Sends Polymarket and Kalshi to Top of App Store
With only hours left to decide the race, and Donald Trump leading in the electoral college vote at the time of writing this article, a new interesting trend emerged with two prediction markets apps, Kalshi and Polymarket topping the Apple App Store charts of Free Apps downloads, enjoying unprecedented interest. Apple’s Free Apps Dominated by […]
Industry
November 5, 2024
Bet365 Gets Ready for Busy US Election Day
The outcome of the political battle between former President Donald Trump and Vice President Kamala Harris will finally be decided by the American people. As the citizens of the USA head to the polls, election bettors in the US and beyond remain fixated on the outcome. International betting operator bet365 has used the opportunity to […]
Industry
November 5, 2024
When Will Election Bettors Learn the Results?
Betting on political elections has become a modern phenomenon. Despite its hazy legality in many markets, it has successfully attracted millions of players. Evidently, the event everyone has now set their sights on is the presidential election in the United States. Delays Are Possible So, when are political players going to know whether they will […]
Industry
October 31, 2024
Polls Predict Close Harris-Trump Race, Betting Markets Disagree
After clearing up its hurdle with the Commodity Futures Trading Commission (CFTC), Kalshi, the regulated exchange and prediction market, announced earlier this month that it recorded a surge in demand for betting markets on the upcoming Presidential Election in the United States. Now, while official polls predict that the race between former President Donald Trump […]
Sports
October 30, 2024
Short Seller Jim Chanos Raises Concerns Over Election Betting Markets
Jim Chanos, an expert in the financial world and a big name for his short-selling wins, called out the effect election betting markets could be having on the wider world of finance. Chanos Sounds the Alarm on Election Wagers Distorting Global Financial Markets Speaking up on X (formerly Twitter), Chanos expressed his concerns about how […]
Sports
October 29, 2024
Robinhood Launches Election Betting Prediction Markets
Robinhood, which made waves for launching cryptocurrency investment options during the pandemic, is once again on the offensive with the app now featuring prediction markets for the upcoming US presidential election, which features former President Donald Trump and Vice President Kamala Harris competing for the White House. Robinhood wants you to back an outcome – […]
Industry
October 24, 2024
Kalshi’s US Election Betting Markets Record Surge in Demand
Less than two weeks until the Presidential Election in the United States, the interest in election betting markets on Kalshi, the popular regulated exchange and prediction market, continues to grow. Election Markets Can Be More Accurate than Polling The upcoming election has attracted more than $70 million worth of trading since the company was allowed […]
Sports
October 23, 2024
CFTC Heightens Oversight on Election Betting Amid Upcoming Elections
The US Commodity Futures Trading Commission (CFTC) has stepped up its watch on election betting platforms because the US elections are coming up soon. CFTC Keeps Watch on Political Prediction Markets as Kalshi Appeals Decision CFTC Chairman Rostin Behnam told Bloomberg Television that the agency plays a part in keeping an eye on political derivatives […]
