Dr. Jill lets him play in the basement in his spiffy uniform
Posted on 05/21/2024 9:47:51 AM PDT by ChicagoConservative27
The Biden administration ordered a ban on 2024 election betting markets, which often show former President Donald Trump winning in November and President Joe Biden remaining his party’s nominee.
Betting markets often provide different insights than election polling that established media outlets perform and are often useful to academics and journalists.
The Commodity Futures Trading Commission proposed a rule on May 10 to permanently ban betting on election commercial prediction markets in the United States, the New York Times’ Jeff Sommer recently reported, even as sports gambling became largely deregulated, soaring in popularity:
Rostin Behnam, the chairman of the C.F.T.C., said in an interview on Wednesday that he was sympathetic to the idea that the markets have social utility, especially in an election year.
But, he said, it’s urgent to rein in the markets now because “there has been an exponential growth in the contracts that are, or want to be, listed” on commercial exchanges. If they are left unchecked, he said, the commission could find itself in the position of needing to investigate allegations of election fraud that could alter the prices of election prediction contracts. Big money is in play in U.S. elections, he said, and “election integrity and the democratic process” need to be protected.
The proposed rule would also prohibit placing wagers on prediction markets on less weighty subjects than national elections. Prohibited areas include the Oscars and other awards, sports and sports-connected events and unspecified subjects broadly classified as “gaming” — a word that I usually translate as gambling but that the commission has been using more broadly.
Sites that offer election markets are Kalshi, Polymarket, and PredictIt.
(Excerpt) Read more at breitbart.com ...
And just where does he get this ‘power’ to ban any damn thing he wants?..................
RE: Biden Administration Orders Ban on Election Betting Markets
How does this work? A lot of these betting markets are overseas. Are the Feds going to monitor your computers and bank/credit card transactions for this?
Afraid of blowback when they cheat.
Nah. The online betting organizations just forgot to include 10% for The Big Guy. Once that little “oof” is corrected, all bets are on...
Had to look twice to see if this was the Bee.
They won’t ban polling because they are rigged but they will ban betting because it is more accurate.
Cheating the voters is OK for Democrats.
Cheating bookies is a whole other ball game.
Bingo!
Another self-serving exhibition of “the real” Bidumb.
He thinks he’s God’s gift to the world.
Anything that makes him look bad has to go.
Dr. Jill lets him play in the basement in his spiffy uniform
So they’re banning betting on “sports and sports-connected events”. So casinos can’t run a book anymore? Oh, that’s not going to go well!
The Commodity Futures Trading Commission
So, this is the group that controls all legal gambling in the whole country?
And there is no process for hearings, appeals and so forth?
I have to think that the big casinos, esp on Indian Res. territories might have a different view on this.
In 18th Century England you always paid your loses...
It was OK to leave your tailor unpaid or to bankrupt your family and lose your house but a gentleman always paid promptly when he lost at cards etc...
Even if it was the house and estate...
More evidence, I take it, that the fix is in?
“Threat to democracy.”
Exactly. They're running scared. People will demand real investigations when they are losing their own money because of election fraud.
That’s because the betting markets are now showing Trump ahead 55/45 %.
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