Political News and Conservative Analysis About Congress, the President, and the Federal Government
race, many have looked to the betting markets for insight on who is teetering toward victory, as opposed to relying on traditionalthat malicious actors could someday decide, “Hey, I will spend millions of dollars smearing some candidate to make sure the candidate I bet on wins.”
Instead of placing a regular wager like one might place at a sports book, “investors” buy futures shares of their predicted outcome, and can sell or trade their shares similar to stocks futures. The volume of 2024 presidential election winner trades at Smarkets alone Despite polling better than most third-party candidates in recent elections, Robert F. Kennedy Jr., 0.4%, has the fifth-highest odds of occupying the White House. Former South Carolina Gov.CFTC chairman Rostin Behnam has pursued regulation to ban betting on election outcomes on commercial exchanges as long as the regulatory agency oversees such transactions.
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