Traders reacted to Tuesday's presidential debate by shifting their bets toward Kamala Harris, showcasing the growing relevance of prediction markets in assessing political outcomes.
The recent court decision allowed Kalshi to briefly facilitate bets on U.S. elections, marking a significant development in the legal status of political gambling.
Despite a temporary federal appeals court blockage, the U.S. District Court ruling has created momentum toward recognizing legal gambling on political events in the future.
With platforms like Interactive Brokers entering the fray, the landscape for political wagering could dramatically shift, highlighting public interest and demand for regulated options.
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