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 ...
Simple solution:
The betting brokerages set up an imaginary race between
“PedoJoe” and the “LionKing”.
If Joe interferes, he’s admitting he’s PedoJoe.
Castro raps box
He don’t need power when he has millions of useful idiots.
:NeverTrumpin':
Bad news for pedo Joe. You don’t dictate to the Seminole Indians, they’re a sovereign nstion.
Dicktaster Biden thinks he’s King Briben now, eh!
Do you ever get the feeling you can barely breathe when these Marxist pigs are in charge? I sure do. There’s no freedom they don’t want to take away. No child they don’t want to murder under the guise of pro-choice.
I stopped seeing them as human long ago because they bear no resemblance to real humans. I’ve scraped crap off my shoes that has more intrinsic value than they do.
Trump now leads Biden 55-40 on Polymarkets betting site
H/T Farcesensitive
Truth is Trump leads FU Biden by 95%. These polls are total BS propaganda.
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