Latest in It’s Election Betting
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US election betting is on a roll
In the months leading up to election day, people from around the world have placed millions of dollars in wagers on who will be the next American presidentWorld - Financial Times - October 30 -
Concerns over 2024 election betting
New data shows more than $100 million has been legally wagered on the Kamala Harris and Donald Trump presidential race. Koleman Strumpf, the Burchfield Presidential Chair of Political Economy at ...Top stories - CBS News - October 31 -
Coinbase's big election bet is about to be tested
Coinbase emerged as a top corporate donor this election cycle, backing candidates the company viewed as supporting its pro-crypto agenga.Business - CNBC - November 5 -
Election Betting Markets See Vindication in Trump Victory
Prediction markets, which surged to prominence during the presidential campaign, started reflecting a likely Trump win several weeks ago, even as opinion polls showed a tight race.Business - The New York Times - November 6 -
The stock market still leans to this candidate winning the presidential election
The Dow’s indication of who will win the U.S. presidency deserves to be taken seriously.Business - MarketWatch - October 19 -
These two crypto funds will likely do better if Trump wins. Here’s why.
Grayscale Investments’ Digital Large Cap Fund and Bitwise Asset Management’s Bitwise 10 Crypto Index Fund could provide attractive opportunities to bet on Donald Trump’s victory in next month’s ...Business - MarketWatch - October 18 -
Election Odds Swing in Trump’s Favor on Polymarket, a Crypto Betting Site
Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.Business - The New York Times - October 25 -
Robinhood is joining the election-betting party by offering wagers on Harris and Trump
With the U.S. presidential election a week away, another brokerage is letting people bet on whether Kamala Harris or Donald Trump will win.Business - MarketWatch - October 28 -
Robinhood Rolls Out Presidential Election Derivatives as Another Predictive Bet Option
After a legal ruling allowed wagering on the Nov. 5 election, another retail trading platform adds the option, this time with event contracts.Business - Inc. - October 28 -
Trump Media Stock Jumps Again as Traders Bet on Election
Shares of the Truth Social parent company continue to soar, pushing the market value of the firm above $10 billion.Business - The New York Times - October 29 -
Investors step up bets that US election will trigger market volatility
Jitters sweep through bond and currency markets before presidential voteWorld - Financial Times - November 1 -
Election betting is newly legal — and risks getting confused with polls
Wagers have been flooding in after a ruling opened the door to U.S. users placing bets on ballot outcomes, raising concerns that the lines between elections and sports would blur.Top stories - NBC News - November 1 -
Don’t take the betting market odds on Tuesday’s U.S. election too seriously
This year’s U.S. presidential election has suddenly made betting on politics a topic of mainstream conversation.Business - MarketWatch - November 4 -
Gambling on 'vibes' — why the betting markets are getting the election all wrong
The betting markets currently have Donald Trump at a 62% chance of winning Tuesday's election, but this is based on the bettors' models that rely on social media engagement, which may not ...Politics - The Hill - November 3 -
Brokerages are raking in millions from your presidential election bets
There’s a lot of money to be made off of election betting, and brokerages are cashing in.Business - MarketWatch - November 5 -
Wall Street and bitcoin soar to record highs as Trump wins US election
Dollar up and renewable energy stocks down, while shares in president-elect’s media business rise by more than a third. Analysis: Trump policies mean higher prices Business live – latest ...World - The Guardian - November 6 -
How Trump’s Victory Grants Election Betting Platforms a Promising Future
Long prohibited by regulators, U.S. forecasting sites recently won the right to offer bets on national elections—a liberty Trump is unlikely to roll back after the bettors backed him to win.Business - Inc. - November 6 -
Here’s how much money was bet on the 2024 presidential election
Donald Trump has won the 2024 presidential election; here’s how much people wagered on the raceBusiness - MarketWatch - November 7 -
Billions were bet on election odds using online markets
Election betting platforms brought in billions of dollars as users wagered on who would win Tuesday’s U.S. presidential election.Top stories - NBC News - 5 days ago -
Here’s Why Election Betting Activity Is Raising Eyebrows Ahead of the November 5 Vote
A sudden $30 million surge in election bets on a Trump win leads some observers to suspect an attempt to manipulate the election.Business - Inc. - October 21 -
How Trump proxy stock ‘DJT’ has come to reflect election-betting data
Trump Media & Technology Group shares extended their recent rally Wednesday, as the stock continues to reflect betting data ahead of the Nov. 5 presidential election.Business - MarketWatch - October 23 -
Election-betting odds are swaying some stock-market investors as Trump’s chances improve
Stock-market investors appear to be taking cues from shifts in betting markets that show a rising probability not only of Donald Trump winning the presidency on Nov. 5, but of Republicans also ...Business - MarketWatch - October 24 -
French trader bet over $28 million on Trump election win using 4 Polymarket accounts
Supporters of Donald Trump, including Elon Musk, have touted shifting election odds on Polymarket even as polls largely show a tight race with Kamala Harris.Business - CNBC - October 24 -
French trader bet over $28 million on Trump election win using 4 Polymarket accounts
A stark shift toward former President Donald Trump on the political gambling platform Polymarket this month stoked scrutiny about four accounts that have collectively spent over $28 million betting ...Top stories - NBC News - October 24 -
Wall Street is going all-in on election betting markets. What you need to know.
Political betting markets aren’t new, but a too-close-to-call, high-stakes presidential election and wariness over traditional polling has led Wall Street investors to look to the shifting ...Business - MarketWatch - October 26 -
Nate Silver: Don't trust the Trump swing in 2024 presidential election polls, betting markets data
Nate Silver is on record saying the presidential election momentum is with Donald Trump, but it's not because polling or markets data has him 100% convinced.Business - CNBC - October 31 -
Investors betting on Treasurys like it’s the 2016 election all over again could be making a big mistake
The market backdrop for this presidential election isn’t remotely like 2016, says Jamie Patton, co-head of global rates at TCWBusiness - MarketWatch - October 31 -
Billionaire Game Theory + We Are Not Ready for A.G.I. + Election Betting Markets Get Weird
“If I had $1 billion, how would I try to influence the results of this election?”Tech - The New York Times - November 1 -
Trump election odds tumble on betting markets after Iowa poll shows Harris lead
Harris is now the favorite on betting site Predictit.Business - MarketWatch - November 3 -
Trump Media closes in the red on Election Day, giving up earlier rally
Shares of retail trader favorite Trump Media & Technology Group (DJT) were active as Election Day is finally here.Business - CNBC - November 5 -
Bitcoin surges 10% to a record above $76,000 as Trump victory heralds wider crypto adoption and weaker regulation
Crypto assets rose as investors bet that a second Trump administration will widen fiscal deficits and boost bitcoin as a hedge against higher inflation.Business - CNBC - November 6 -
It’s not just election betting: Why one expert thinks prediction markets will become bigger than stocks
Event contracts give markets a way to price in an uncertain future, says Interactive Brokers founder Thomas Peterffy.Business - MarketWatch - 16 hours ago -
FBI raids apartment of election betting site Polymarket's CEO and seizes cellphone, source says
The FBI seized a cellphone and other electronic devices of betting site Polymarket’s CEO Shayne Coplan in a raid on his New York City apartment early Wednesday.Top stories - NBC News - 8 hours ago