Trump Election Victory Odds Surge In Online Betting, But Can You Trust The Numbers? Here's What Experts Are Saying.

Benzinga

Election betting favoring Donald Trump surged after a federal judge ruled that offering election trading to Americans does not violate state gambling laws. Market trends reveal an influx of wagers worth hundreds of millions, driven by platforms like Kalshi, Interactive Brokers, and Robinhood. Federal concerns about election betting's impact, market manipulation, and regulatory oversight remain central. Researchers report signs of wash trading on Polymarket, where repeated trades by the same individuals create a false impression of higher activity.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Election betting favoring Donald Trump surged after a federal judge ruled that offering

00:06election trading to Americans does not violate state gambling laws. Market trends reveal an

00:12influx of wagers worth hundreds of millions driven by platforms like Kalshi, Interactive

00:16Brokers, and Robinhood. Federal concerns about election betting's impact, market manipulation,

00:22and regulatory oversight remain central. Researchers report signs of washed trading

00:27on PolyMarket, where repeated trades by the same individuals create a false impression

00:31of higher activity. For all things money, visit Benzinga.com slash GSTV.

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