Political Betting Slumps On Prediction Markets As Crypto And Sports Boom

Summary

Political Betting Slumps On Prediction Markets As Crypto And Sports Boom Americans head to the voting booths today with Democrats favored to take control of both the House and Senate according to mainstream polls and prediction markets. Attention has shifted to prediction markets, where the implied probability of a Democratic sweep stands at roughly 75%, down slightly from 78% earlier this morning. The attention on prediction markets over the last few years has not translated into stronger midterm trading. Bloomberg's report from earlier today shows political trading on these platforms has…

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