On election night, while many voters across the country were focused on who would win the presidency, a growing number of Americans were watching the returns with another question in mind: will I win or lose money? That’s because, just weeks before November 5th, a judge ruled that for the first time in almost a century Americans could bet large amounts of money on the outcome of political races.
In this episode, we talk to two people who made big bets: Mike, a Latino Democrat who bet $10,000 on Kamala Harris winning, and Jordan, a white conservative Trump supporter who risked $60,000 on Trump's victory. And Slate’s business and tech reporter Nitish Pahwa helps Anna understand the changing legal context for gambling in America.
Read Slate’s Nitish Pahwa's post on prediction markets and politics here.
Plus, we have new totebags for sale! Check them out.
Podcast production by Zoe Azulay
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And if you’re new to the show, welcome. We’re so glad you’re here. Find us and follow us on Instagram and you can find Anna’s newsletter at annasale.substack.com. Our new email address, where you can reach us with voice memos, pep talks, questions, critiques, is deathsexmoney@slate.com.
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