Online bettors, via events marketplaces, can wager on political outcomes, but U.S. courts have been conflicted over the legality of election betting, with recent developments favoring Kalshi.
Despite the appellate ruling, a waitlist allowed users to potentially bet on the presidential outcome, though bets were ultimately paused due to legal uncertainties surrounding election wagering.
Kalshi advocates for election betting, viewing it as a free market right and a way to enhance political participation and argue that prediction markets may outperform traditional polls.
The ongoing legal battle regarding election betting still leaves many questions unanswered, with offshore platforms being the only option currently available for U.S. bettors.
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