Election betting favoring Donald Trump surged after a federal judge ruled that offering election trading to Americans does not violate state gambling laws. Market trends reveal an influx of wagers worth hundreds of millions, driven by platforms like Kalshi, Interactive Brokers, and Robinhood. Federal concerns about election betting's impact, market manipulation, and regulatory oversight remain central. Researchers report signs of wash trading on Polymarket, where repeated trades by the same individuals create a false impression of higher activity.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Election betting favoring Donald Trump surged after a federal judge ruled that offering
00:06election trading to Americans does not violate state gambling laws. Market trends reveal an
00:12influx of wagers worth hundreds of millions driven by platforms like Kalshi, Interactive
00:16Brokers, and Robinhood. Federal concerns about election betting's impact, market manipulation,
00:22and regulatory oversight remain central. Researchers report signs of washed trading
00:27on PolyMarket, where repeated trades by the same individuals create a false impression
00:31of higher activity. For all things money, visit Benzinga.com slash GSTV.