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Gambling News - 'Political betting'
Industry
October 3, 2024
US Appeals Court Greenlights Kalshi to Relaunch Election Betting
About a year has passed since the legal battle between Kalshi, the New York-headquartered regulated exchange and prediction market, and the Commodity Futures Trading Commission (CFTC). In a surprise turn of events, an appeal filed by the latter with the Court of Appeals for the District of Columbia Circuit sided with the former on Wednesday […]

Industry
October 2, 2024
Political Betting Markets Face Challenges Despite Popularity
A majority of the US states currently offer legal sports betting. The activity’s popularity soared in recent years but alongside wagering on sports, many gamblers demonstrated interest in placing bets on future events outside of sports. Ahead of the upcoming Presidential Elections in the country, Kalshi, a company that acts as a regulated exchange and […]

Industry
September 30, 2024
Ex-UK Deputy PM Interviewed amid Election Betting Probe
Ahead of the General Election in the UK, a massive betting-related scandal erupted. The case involved politicians and police officers who fell under scrutiny over allegations of placing bets on the date of the election. Nearly two dozen individuals were investigated over political betting and using insider information to place bets for the election date […]

Business
September 25, 2024
Polymarket Seeks $50M in Funding, Plans to Launch In-House Crypto Token
Crypto betting specialist Polymarket is reportedly seeking additional funding ahead of the US presidential election. The report further suggests that the company is considering launching its own crypto token. Polymarket Seeks to Enhance Its Business Ahead of the Election According to The Information, a technology news outlet, Polymarket hopes to acquire some $50 million in […]

Legal
September 20, 2024
No Ruling from Appeals Court in US Election Betting Case
Kalshi, the regulated exchange and prediction market platform that offers trading on the outcome of real-world events, was cleared to start offering “contracts” on political events last week. This came after a ruling by Judge Jia Cobb. However, Kalshi’s win was short-lived as the Commodity Futures Trading Commission (CFTC) filed an appeal with the Court […]
Industry
September 18, 2024
CFTC Raises Alarm Over Election Betting Trends Amid Trust Concerns
The US Commodity Futures Trading Commission (CFTC) worries about the rise in election outcome betting. It warns this trend could hurt public trust in elections. CFTC Warns of Potential Election Rigging Risks Amid Kalshi Betting Dispute The CFTC thinks people or groups might rig the betting markets. This could make voters even less confident in […]
Legal
September 16, 2024
US Election Betting Once Again on Hold After Appeals Court Ruling
Political betting moved one step closer in the United States last week as a federal judge in Washington DC issued a stay on election contracts. The major development effectively sided with Kalshi, the popular regulated exchange and prediction market platform offering trading on the outcome of real-world events, in its legal battle with the Commodity […]
Industry
September 13, 2024
Taylor Swift Levies the Swifties as the Elections Approach
Singer-songwriter Taylor Swift has once again demonstrated the massive sway she has over the American public by backing Vice President Kamala Harris’s presidential campaign and causing a surge in online activity. The Swifties Have Banded Behind the Star Swift expressed support for Harris on Tuesday, saying that she is firm about backing the Democrats. This […]
Business
September 13, 2024
Interactive Brokers Prepares to Launch Election Markets
Interactive Brokers, a popular trading platform, announced that it will be launching wagering on the outcome of the US election. Set to take place in November, the election is highly anticipated by US citizens and bettors alike. Interactive Brokers Plans to Offer Exciting Markets Speaking to the Wall Street Journal, Interactive Brokers said that it […]
Industry
September 11, 2024
Harris Surpasses Trump’s Betting Odds Following Debate
As the presidential election draws near, the debates and betting continue to grow in intensity. In what some considered a surprising turn of events, US Vice President Kamala Harris excelled at the latest TV debate, causing her betting odds to shoot past ex-POTUS Donald Trump’s. Even Musk Was Impressed Harris found herself as the Democratic […]