10min chapter

The Compound and Friends cover image

Trading the Election

The Compound and Friends

CHAPTER

Betting on Politics: Markets and Media Dynamics

This chapter explores the complexities of betting on political candidates and the influence of large overseas bettors on prediction markets. It also examines the impact of major events, such as the Washington Post's endorsement decisions and Jeff Bezos' involvement in political discourse, on public trust and media credibility. The discussion balances the freedom of prediction markets with concerns about gambling addiction and the legitimacy of trading activities in the crypto space.

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