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FOUND: 8 - What They Never Told You

TechScape: Betting markets come for everything – and the FBI comes for a betting market

This week in tech news, online predictors are riding high after a slew of accurate US election wagers. Plus, Trump and Musk try to weaponize the communications regulator•

The Guardian - UK

The FBI just raided the home of Polymarket’s founder. What does the future of electoral betting markets hold?

The FBI just raided the home of Polymarket’s founder. What does the future of electoral betting markets hold?

VCs from Sequoia and Dragonfly on the future of prediction markets.

Online prediction betting markets look ahead after US presidential election triumph: ‘We’re just getting started’

Online prediction betting markets look ahead after US presidential election triumph: ‘We’re just getting started’

Wagering platforms like Kalshi and Polymarket want to expand rapidly, offering bets on awards, epidemics, the economy and more, after ‘astronomical’ election growth

The Guardian - US

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US pollsters taking heat – again – for failing to predict Trump triumph

Polling experts called on to explain surveys that showed Trump and Harris deadlocked in a race deemed too close to call

The Guardian - US

Betting markets swing hard to Trump with early election tallies

Apps such as Polymarket and Kalshi place Trump as likely winner as election officials continue to count ballots

The Guardian - US

Trump’s lead over Harris in betting market erodes as platforms tighten odds

Top platforms had placed Republican ahead but Democrat is catching up and even leads on one app

The Guardian - US

Trump leads Harris on Robinhood’s new prediction market with 100 million contracts traded

Robinhood rolled out its new prediction market last month.

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Exclusive: Election betting site Polymarket is rife with fake ‘wash’ trading, researchers say

Exclusive: Election betting site Polymarket is rife with fake ‘wash’ trading, researchers say

Blockchain evidence points to users carrying out market manipulation to inflate trading volumes on the popular political betting platform.

Exclusive: Prediction market Kalshi launches crypto deposits as Trump maintains big lead on betting sites

Exclusive: Prediction market Kalshi launches crypto deposits as Trump maintains big lead on betting sites

Kalshi still lags behind Polymarket, the offshore leader among electoral betting markets.

Noted oddsmaker JD Vance says Trump has a 60% chance to win the election

Noted oddsmaker JD Vance says Trump has a 60% chance to win the election

Ohio senator polls shouldn’t be trusted because ‘if you’re a higher education level Democrat, you’re much more willing to answer pollster questions’

The Independent UK

Here’s why you shouldn’t put your faith - or money - on election betting markets

Here’s why you shouldn’t put your faith - or money - on election betting markets

Betting on the US election is a new opportunity with no historical accuracy but that hasn’t stopped people from making wagers

The Independent UK

Kalshi points to a Trump win. Its 28-year-old CEO says the betting market is more reliable than polling

Kalshi points to a Trump win. Its 28-year-old CEO says the betting market is more reliable than polling

Meet the man trying to turn electoral betting into a $1 trillion market.

‘That’s a good thing for democracy’: Is gambling making politics fun?

‘That’s a good thing for democracy’: Is gambling making politics fun?

Is election betting good fun, civic engagement, or a threat to democracy itself? asks Josh Marcus

The Independent UK

Donald Trump gains the upper hand in the prediction markets—an indicator more accurate than polls, expert claims

Donald Trump gains the upper hand in the prediction markets—an indicator more accurate than polls, expert claims

More than $1.9 billion in crypto has been wagered on this presidential election on Polymarket. Here's why that matters

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International Business Times

Last-minute Legal Ruling Allows Betting On US Election

Millions of dollars have poured into bets on who will win the US election after a last-minute court ruling opened up gambling on the vote, upping the stakes on a too-close-to-call race that has already put voters on edge.

Short Circuit: A Roundup of Recent Federal Court Decisions

Stem cells, boondoggles, and watering flowers.

At the Races: Please bet responsibly - Roll Call

This week, there’s a certain irony to our newsletter being called “At the Races.” And no, it’s not because Pete Rose, Major League Baseball’s all-time hits leader who was banned from baseball for betting on the Cincinnati Reds, died Monday at age 83. Betting on the outcome of the congressional…

The Independent UK

Betting on the election will soon be legal in US after massive court ruling

Betters have already poured hundreds of millions of dollars into the political prediction market

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Polymarket reportedly seeks to raise an additional $50 million amid election fever

The popular betting site may also launch a native token.

Federal Agency Warns Against Betting On U.S. Elections

The Commodities and Futures Trading Commission opposes betting on U.S. elections to safeguard against market manipulation and protect election integrity.

International Business Times

US Judge Comes In Crosshairs With Regulators After Clearing Election Betting

The CFTC was concerned about the propagation of activities not in the best interest of the public. It also drew concerns over unlawful gaming.

Path to Betting on US Elections Opened Just in Time For Harris Trump Showdown

A federal judge ruled in favor of New York-based Kalshi, allowing the financial institution to offer bets on the outcomes of congressional races in some states

Federal Judge Rules In Favor Of Betting On U.S. Elections

A federal judge's ruling may pave the way for legal gambling on U.S. elections, impacting the industry and regulators.

Polymarket likely to remain offshore for now despite ruling in favor of U.S. election betting

The predictions market Kalshi successfully sued the Commodity Futures Trading Commission, which might appeal the ruling.

Some companies want to bet on US elections. Not everyone agrees.

Critics are concerned platforms like Kalshi’s plans to offer bets on upcoming elections could sway the outcome.

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