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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 […]
Sports
October 22, 2024
Elon Musk’s Election Giveaway Supporting Trump Creates Legal Worries
Elon Musk’s new plan to give $1 million to registered voters in key swing states has sparked major debate and legal review. Concerns Raised Over Musk’s Voter Incentive Plan The billionaire, a vocal backer of former President Donald Trump‘s 2024 campaign, revealed the contest during a pro-Trump town hall event in Pennsylvania. The program linked […]
Sports
October 14, 2024
Kalshi Adds Over 25 New Political Betting Options After Recent Court Win
Kalshi, a website where people can bet on political results, just added more than 25 new contracts on different bets on US political events. Now, users can wager on the presidential race, Senate races, and the Electoral College, reported CNBC. CEO Tarek Mansour Highlights Demand for Political Betting This move comes after a court decision […]
