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Industry
July 25, 2024
Bookmakers Favor Kelly, Shapiro as Kamala Harris’ VP Running Mate
Recently, President Joe Biden confirmed his plans to withdraw from the presidential race. The decision, which was announced on July 21, immediately increased the chances of Vice-President Kamala Harris for becoming the Democratic nominee and winning the elections. Odds via BetOnline at the time of writing still recognize former President Donald Trump as the favorite […]
Industry
July 24, 2024
Biden’s Exit Spurs Record Polymarket Betting Activity
Joe Biden’s unexpected decision to bow out of the 2024 presidential race has sent shockwaves through political circles and prediction markets. Immediately after the announcement, Polymarket, a leading decentralized prediction platform, experienced its highest spike in betting activity ever. Daily trading volume surged to a record high of $28 million, showcasing enhanced uncertainty and interest […]
Sports
July 22, 2024
Biden’s Withdrawal Boosts Harris, Alters 2024 Presidential Betting Landscape
In a surprising turn of events during the 2024 US presidential race, President Joe Biden announced on July 21 that he would be withdrawing from the election, which caused a frenzy in betting markets. The 81-year-old US President who is currently recovering from COVID-19 said that his obligation to his current office prevents him from […]
Industry
July 15, 2024
Donald Trump’s Election Odds Surge After Assassination Attempt
The odds of Donald Trump winning the 2024 presidential election have significantly increased after him being the victim of an assassination attempt at a rally in Pennsylvania. The former president was shot in his ear, making blood run down his face on the afternoon of July 13. However, he still managed to raise his fist […]
Industry
July 12, 2024
Political Bets and Odds Offered by Sportsbooks Reflect People’s Opinions
In spite of sports betting being federally legalized in the US, sportsbooks based in the country are not allowed to accept bets on political events. Nonetheless, overseas betting platforms allow wagers on who will win an election, who will represent a certain party, or humorous topics like who will wear a red tie during a […]
Industry
July 5, 2024
Sportsbooks Rank Kamala Harris Ahead of Joe Biden in Presidential Race
The election for a new President of the United States is scheduled for November 5 this year. The political race sees two long-term rivals face each other, the current President Joe Biden and the former President Donald Trump. A major debate that was expected to set the mood for the upcoming election took place late […]
Industry
July 5, 2024
Keir Starmer’s Historic Win in the UK Fueled by Betting Scandal
Since Brexit, the United Kingdom has been searching for political stability. In that search, six prime ministers were changed and only recently, the country held its general election. Over the last month, a number of cases involving Conservatives wagering on the date of the election were uncovered. With the cases, the support for the political […]
Industry
July 1, 2024
CFTC Extends Public Comment Period for Proposed Election Bets Ban
The US government agency that focuses on prosecuting and investigating commodities fraud, hedge fund fraud, energy manipulation and other crimes, the Commodity Futures Trading Commission (CFTC), announced it extended its public comment period for proposed changes to its rules related to event contracts. In May, the agency confirmed its intention to ban derivative betting on […]
Industry
June 27, 2024
Sir Philip Davies, Latest Tory Allegedly Caught Up in Gambling Probe
Another day, another election betting scandal in the UK. Earlier in the week, it was announced that Welsh Parliament member Russell George was under investigation for an alleged bet on the timing of the general election. The politician became the fifth Conservative politician faced with inquiries by the Gambling Commission, the body responsible for licensing, […]
Industry
June 27, 2024
A Range of Prop Bets Available for Upcoming Trump-Biden Presidential Debate
Political betting is a form of wagering that has seen an uptick in popularity over the last few years. Growing concurrently with sports betting, the activity is the choice of many bettors who also place wagers on sports events across the globe. Just like in sports, there is a range of prop bets that involve […]
