December 8, 2022

Dawson County Journal

Dawson County, Nebraska

America Needs Political Prediction Markets

Commentary
Just in time for the heat of the election season, a federal agency called the Commodity Futures Trading Commission has announced it will no longer allow betting on political and election outcomes.
These online wagering platforms, most notably PredictIt, allow betting on all sorts of political outcomes: the odds that Republicans win the Senate in November, the odds that Joe Biden will be the next Democratic nominee for president (right now 33 percent) or the odds that Florida Gov. Ron DeSantis wins the GOP nomination in 2024 (right now 38 percent). You can also bet on whether a piece of legislation will pass….
Source: The Epoch Times