Political Betting Hits The Jackpot With Trump

Political betting markets, which facilitated more than $3 billion in total election-related bets, are poised to benefit significantly from Trump administration ties and policies, despite mounting concerns about the dangers of election gambling.

Thanks to the conservative takeover of the courts, this election season was the first cycle with a legal political gambling market in the United States. In October, the betting platform Kalshi won its court battle for legalization, allowing thousands of U.S. traders to place election bets on this year’s presidential election.