Wagering on elections in the United States using event contracts may now seem like an established thing – after all, millions were bet this past November – but there is still an effort ongoing in the courts to put a stop to that action.The latest chapter in that legal saga was an hour-and-a-half of
Up to five people – possibly including a politician – could face prosecution in the betting scandal over the date of the general election, Sky News can reveal.A source has told Sky News: “The Gambling Commission is looking to prosecute at least three suspects, but possibly up to five. This includes
Betting markets had a great election. With billions of dollars wagered on who would take the White House, their projections proved closer to the actual result than many opinion polls. Now the operators behind them want the US to wager on almost everything else.Forget Trump or Harris. Is Billie Eilis
Betting markets appear to have predicted the outcome of the U.S. presidential election correctly. But how good are they at predicting future events? And can they be used as a more accurate bellwether for the outcome of elections than opinion polls?After the result of the presidential election was kn
Online sports betting companies may not let another cycle of presidential election campaigning and wagering pass them by without taking some of that action themselves.The massive amount of wagering on this year’s election was indeed hard to miss — and DraftKings Inc. now plans on taking a long look
A lot of money was wagered on the makeup of the 119th United States Congress, and some of those newly elected and reelected lawmakers may be very interested in the legality and regulation of all that wagering even now that the voting has ended.More than a dozen Republican members of the House who wr
Betting odds proved to be a much better prognosticator than polls in forecasting Donald Trump’s landslide victory over Vice President Kamala Harris in the presidential election.Several prominent polling experts, including Nate Silver, The New York Times and FiveThirtyEight, had the race at essential
Thousands who gambled on the U.S. election are looking forward to a potential payout of about $450 million from online gambling sites after Donald Trump was elected president in a stunning comeback – but some may have to wait to collect their haul.Online election betting sites exploded into view in
Two prediction markets, Kalshi and Polymarket, have surged to the top of the Apple App Store’s free app downloads. Kalshi took the number one position, followed by Polymarket, pushing popular apps like ChatGPT, Threads, and even Google down the list. Their top spots in Apple, which boasts close to t
Six years after the 2018 Supreme Court decision that led to widespread legalization of mobile sports betting, U.S. sportsbooks dangle a variety of granular and obscure potential wagers in front of customers. Their influence reaches deep into U.S. society.But one market they are not tapping into is b
Despite the popular gambling websites and the enticing large money prizes, betting on the Presidental Election is still illegal in Washington and Idaho.The Washington State Gambling Commission has stated that betting on elections remains illegal within the state, despite claims from a growing gambli
Betfair, one of the world's largest betting companies, went to the United States to interview Brazilians about their perspectives on the presidential election, contested between Donald Trump and Kamala Harris. In a special video made in New York, the Brazilian community spoke about their preference
Upstart broker Robinhood is jumping into the prediction betting game, announcing on Monday that users can begin trading the 2024 presidential election that is eight days away.Users can trade a Kamala Harris or Donald Trump contract starting Monday, said the company, as long as they meet certain crit
Kalshi says the election-betting business is booming. A spokesperson for the prediction market operator told Covers on Wednesday that in the three weeks since an appeals court paved the way for Kalshi to restart trading in election-related contracts, there has been more than $70 million in buying an
People can’t get enough of betting on the 2024 presidential election, and thanks to a recent legal ruling, it’s easier than ever for Americans to vote with their wallet.On Polymarket, one of the top online exchanges, people have already spent over $1.2 bn betting on the US presidential election. Tha
Former deputy prime minister Sir Oliver Dowden has become the most senior ally of Rishi Sunak to be interviewed in the official investigation into betting on the date of the general election, Sky News understands.He follows Mr Sunak’s former parliamentary aide Craig Williams and former Downing Stree
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