When it comes to politics, all bets are off. Since 2014, online predictions marketplace PredictIt has allowed Americans to vote with their wallets...
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When it comes to politics, all bets are off.
Since 2014, online predictions marketplace PredictIt has allowed Americans to vote with their wallets and gamble on elections, but the Australian-based site has been ordered to shutter its US-based operations by February.
The Two-Parlay System
Gambling on election outcomes has always been a legal gray zone. It's neither federally banned nor locally approved. Vegas casinos won't take your Washington wagers, nor will popular sports betting apps like FanDuel or DraftKings (though off-shore European bookkeepers happily accepted a record $1 billion in bets on the 2020 election).
But PredictIt and similar sites somehow circumvented legal restrictions by purporting to be a public good:
Politico Pikers: A deadline to cease operations has been set for February 15, though the vice provost at Victoria University of Wellington says it has yet to decide how to pay out contracts that conclude after the site closes. So if you must play your Dwayne "The Rock" Johnson 2024 hunch, you'll have to talk to your local bookie.