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Industry
August 2, 2024
Betting Frenzy Surrounding US Presidential Race Reaches New Heights
The US presidential election is turning out to be a goldmine for bookmakers worldwide, with estimates suggesting that roughly $1 billion has been wagered on the outcome despite several months remaining before Election Day. The twists and turns surrounding the 2024 presidential debate have only fueled the fire, creating many exciting betting opportunities. Wagering Platforms […]
Industry
July 25, 2024
Bookmakers Favor Kelly, Shapiro as Kamala Harris’ VP Running Mate
Recently, President Joe Biden confirmed his plans to withdraw from the presidential race. The decision, which was announced on July 21, immediately increased the chances of Vice-President Kamala Harris for becoming the Democratic nominee and winning the elections. Odds via BetOnline at the time of writing still recognize former President Donald Trump as the favorite […]
Industry
June 3, 2024
Trump Tops PredictIt Markets Despite the Guilty Verdict
Former US President Donald Trump, was just found guilty on 34 charges of first-degree falsification of business records, related to an affair with adult film star Stormy Daniels. Yet, political bettors’ backing for him has barely shifted. The guilty verdict had the notable effect of immediately causing a spike in political betting activity. PredictIt, a […]
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 […]
Legal
July 25, 2023
US Fifth Court of Appeals Sides with PredictIt in CFTC Lawsuit
PredictIt is a popular platform that enables customers to place wagers regarding the outcome of financial, as well as political events. The betting platform has been involved in a lawsuit for quite some time now after the Commodity Futures Trading Commission (CFTC) asked it to discontinue its offering last summer. In response, PredictIt filed a […]
Industry
April 26, 2023
PredictIt Users Trust Biden to Win the Upcoming Elections
Political bettors are putting their money behind Joe Biden to win the upcoming Presidential elections. While the incumbent President is yet to be officialized as the Democratic Party’s official nominee, he seems to be a likely choice. This news comes as President Biden announced his decision to fight for another four years in office. While […]
Legal
March 21, 2023
PredictIt Has Until April 5 to Respond to a CFTC Letter
PredictIt, a platform that allows customers to wager on political and financial events, is under fire by US regulators that seek to shut down the exchange. In response, the exchange filed a lawsuit, which still continues. Amid the heated battle between PredictIt and the Commodity Futures Trading Commission, the exchange’s deadline to respond to a […]
Industry
January 24, 2023
PredictIt to Shut Down for Violating Terms of Operation
PredictIt, the popular futures exchange tied to political events, has until February 15 to close all existing markets and shut down, putting an end to the legal availability in the US of bets on political events. Violation of Terms Established in collaboration with the Victoria University of Wellington, in New Zealand, PredictIt is now facing […]
Legal
December 14, 2022
Federal Judge Recommended Transferring PredictIt Case to DC Court
On Monday, federal judge Mark Lane from the District Court for the Western District of Texas issued a ruling consisting of eight pages, according to which PredictIt’s lawsuit against the Commodity Futures Trading Commission (CFTC) and other parties should be transferred to the US District Court in Washington, DC. No-Action Letter Issued in 2014 In […]
Legal
August 9, 2022
PredictIt Loses USA License, Closes Shop in February
The US Commodity Futures Trading Commission (CFTC) announced on 4 August that PredictIt, the website offering wagers on the outcome of political events, would no longer be able to operate in the country. The platform must completely withdraw from the USA by February 2023. PredictIt Started as a University Research Project The CFTC did not […]
