00:00It's Benzinga, bringing Wall Street to Main Street.
00:02An election betting advertisement aired during former President Donald Trump's rally at Madison
00:06Square Garden, promoting Kalshi's platform. The ad offered an $175 return on a $100 bet for Trump.
00:14Legal wagers on the presidential race have surpassed $100 million following a federal
00:19court ruling that allowed Kalshi to launch an election prediction market.
00:23CEO Tarek Mansour argues this market offers transparency and an avenue for risk hedging,
00:29while critics warn it undermines democratic values.
00:32As Election Day approaches, Kalshi's market indicates a 63% chance of Trump winning,
00:37igniting debate on the implications of betting in politics.
00:40For all things money, visit Benzinga.com slash GSTV.
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