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Death, Sex & Money | Betting on America: Two Gamblers, One Presidential Election
Dec 10, 2024
On election night, many were not just watching for the presidency but also for their potential winnings. Two gamblers shared their stories: one bet $10,000 on Kamala Harris while the other risked $60,000 on Trump. The podcast explores the evolving landscape of political betting, revealing how it contrasts with traditional polling. As personal motivations behind these bets are unpacked, the discussion touches on the growing trend of gambling in America and its implications for democracy and public trust.
41:16
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Quick takeaways
- The recent legalization of political betting in the U.S. has created significant engagement, with over $3.6 billion wagered during the election season.
- Personal affiliations profoundly impact betting behaviors, as seen in Mike and Jordan's contrasting motivations influenced by their political beliefs and sentiments.
Deep dives
The Rise of Political Betting Platforms
The ruling by a judge in early October enabled legal betting on political outcomes in the U.S. for the first time in nearly a century. This opened the door for platforms like Kalshi to allow users to place substantial bets on election results, differentiating themselves from existing platforms like Predict It and Polymarket. While Predict It had strict betting limits, Kalshi introduced a more accessible betting framework, attracting an audience eager to speculate on the political landscape. As a result, a significant sum—approximately $3.6 billion—was wagered on Polymarket alone during the election season, indicating a growing trend in political betting among Americans.
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Discover
highlights
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