Legal Landscape of Election Betting Markets

Legalized sports gambling is everywhere. Could betting on elections be next? Americans will soon be able to legally gamble on the presidential election. After a judge rejected the Commodity Futures Trading Commission’s attempt to block it, financial exchange company Kashi launched the country’s first fully regulated election-betting markets on Thursday. Capital markets reporter Declan Harty walks Playbook co-author Eugene Daniels through what this means for the election, and why some officials are ringing alarm bells.