THE RISE of political polling and subsequent crackdowns on sports activities playing drove political betting markets in America underground after the second world conflict. They remained within the shadows till final month, when a federal court docket cleared Kalshi, a betting trade, to supply political bets to Individuals. Greater than $400m has since been wagered on the location. The sums wager globally on different prediction websites reportedly tot as much as a number of billion {dollars}. How did the speculators fare in America’s election?
