A month after Justice enabled this type of market, more than 6.3 million dollars came into play to choose who will win.
More than $6.3 million came into play for the dispute between Kama Harris and Donald Trump.
A ruling by a Washington court in recent times enabled the betting market for the presidential elections in the United States on November 5. Since then, more than 6.3 million dollars came into play for the dispute between Kamala Harris and Donald Trump.
One month before the presidential elections, A court in the US capital determined that the startup Kalshi can take bets about the contest that will determine who will govern the country for the next four years. The company had been fighting for years to obtain this permit.
From then on, millions of dollars began to be poured into these types of bets. The Interactive Brokers firm It was one of those that stung. More than a million contracts (bets) were traded on Interactive Brokers in recent days. Some say that they are a thermometer to predict the final result.
The Executive Vice President of Marketing and Development at Interactive Brokers, Steve Sanderstold the AFP agency that the contracts they offer with bettors “are good for people to know what they think is happening and protect their investments.”
For and against this type of bets
The CFTC (Commodity Futures Trading Commission)the commission in charge of regulating the betting market in the United States, was against enabling betting on elections.
CFTC General Counsel Rob Schwartz, warned the risks. “I don’t want to sound too dramatic, but We live in a country where tens of millions of Americans believe the last presidential election was fraudulent.“, held.
The judge Patricia Millett that enabled allowing electoral betting agreed on the importance of “ensuring the integrity of the elections and avoiding undue interference and disinformation.”
But, as he said in his ruling, The CFTC “has not provided this court with any concrete basis to conclude that event contracts would be a vehicle for such harm”.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
