Should Betting on Elections Be Legal?

Published On Sep 14, 2024, 8:00 AM

The article discusses the brief allowance of regulated election betting in the U.S., following a court ruling that permitted the prediction market Kalshi to accept wagers on upcoming elections. This development came immediately after a presidential debate between Donald Trump and Kamala Harris, which influenced the betting odds in favor of Harris. Although the ability to place bets was quickly blocked again by a federal appeals court, the incident marks a significant move towards the potential legalization of political gambling, which has historically operated offshore in the U.S.