Election Day, November 5th,is now just three weeks away during which millions of voters will be mailing in, dropping off or casting ballots in person at polling places all across the country.
With early voting having already started earlier this month, including here in California, a lot of ballots have already been turned in. But they won’t be actually counted till the close of Election Day.
But did you know that the election is being betted on, legally, thanks to a recent ruling allowing a form of it that’s kind of like betting on a certain stock.
According to the Financial Times, it’s called Kalshi, based in New York City, and described as a regulated exchange & prediction market where you can trade on the outcome of real-world events.
The report says millions of dollars in all-or-none kind of wagers are being placed on the U.S. presidential race.
There are those who suggest that there is something not quite right about that. That while there are plenty of people who make money on sports betting and other events, this kind of betting on a presidential election could potentially affect the outcome in a way the nation’s founders would not have foreseen.
And at a time where there is a lot of talk these days about free and fair elections.
It’s now just 21 days away.
(Photo Getty Images)
Photo: AFP via Getty Images