US EditionOnline Political Betting Surges, as Robin Hood Joins the Prediction Market Space
- Robinhood has launched a betting market for the 2024 presidential election, allowing users to wager on Kamala Harris or Donald Trump, available to U.S. Citizens starting Monday.
- The contracts are priced between $0.02 and $0.99, with a $1 payout for correctly choosing the president.
- Trump's odds of winning are priced at 62% across major betting markets, as reported by Election Betting Odds.
92 Articles
92 Articles
Americans bet $100 million on Trump v. Harris, but at what cost?
An election betting advertisement flashed on screen during coverage of former President Donald Trump’s rally at Madison Square Garden this weekend on the Right Side Broadcasting Network, a conservative media company.“Bet on the US election,” the ad for Kalshi said as Trump spoke on stage. “Bet $100 on Trump, Get $175.”More than $100 million have been legally wagered on the presidential race on the platform, days out from Election Day. This explo…
manhattan.institute
The Free PressIs Election Betting Bad for Democracy?
To the contrary. Politics nerds rejoice: You can now legally bet on elections. After a protracted legal battle, earlier this month the financial exchange Kalshi secured a court ruling that allowed it to accept American wagers on political outcomes. The decision is a major victory for “prediction markets,” online platforms that let users bet on all kinds […]
Could Political Betting Swing The US Election?
As the 1549 papal conclave dragged on into a second and third month, Venice's ambassador to the Vatican, Matteo Dandolo, was outraged by insider trading. “It is more than clear that the merchants are very well informed about the state of the poll,” he said, “and that the cardinals' attendants in Conclave go partners with them in wagers, which thus causes many tens of thousands of crowns to change hands.” Although the conclave was supposedly secr…
Coverage Details
Bias Distribution
- 68% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
