Get ready for legalized betting as soon as next week on whether Democrats will take back control of the U.S. House of Representatives in November.
Kalshi will make its congressional-control contracts available to users for trading next week and will move quickly to list other kinds of political-event contracts, said Luana Lopes Lara, one of the co-founders of Kalshi, in an interview.
“Election markets are now legal in the United States for the first time in 100 years. Americans will finally be able to trade the election on a U.S.-regulated market,” the startup’s CEO and co-founder, Tarek Mansour, said in a statement.
Friday’s ruling comes as bettors have placed hundreds of millions of dollars of wagers on the November presidential election on Polymarket, a crypto-based prediction market that is off-limits to Americans since it reached a 2022 settlement with the CFTC.
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last commentBarely confident at all. Dems will try to cheat just like last time. Hell, they're already cheating by installing Kacklala over the voters' choice of Old Joe. Republicans a threat to democracy? Yeah, my ass. Dems don't do anything by the rules, ever. Betting on this election is really just betting whether Dems will successfully undermine it.
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Predictions on the outcome of the Presidential election and control of Congress are inherently speculative. The odds would have to be heavily skewed one way or the other to make a bet attractive, and they won’t be.
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I am not a gambler either, and misterorange is also correct that one side is working overtime to rig the game. Betting on the election results is actually a side bet on whether it can be stolen by the democrat party.
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voting? wouldn't that mean that one still has faith in the system? you would have to be out of your fucking mind if you think voting is going to make a drastic change.
migrants technically at this point in time are prohibited to vote. but somehow and somewhere along the way the voting ratio could be migrant 1.5-2 to your 1 in a couple of months. i've seen the migrants interviewed on ytube. overwhelming 100% for the cackler. and there's probably a subgroup of them that jerks off to her before going to sleep.
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Let’s see, bets I’ve made so far today:
Max Fried - U 18.5 outs
Yoshinobu Yamamoto - U 1.5 bb
Nats vs Mets - NRFI - yes
You have to be a degenerate to bet on any of these so sure I’ll bet on the election. Can’t wait to see what the odds are.
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oh yeah - betting. i gamble everyday. horses, football, baseball, etc. if i'm focused and razor sharp i can sometimes play smart and win. but for this situation the smart play is not to bet-you don't have to bet on every race or game.
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ahh yamamoto. he'll allow more hr's tonight than bb's. using this as a base i'm going to try and guess who on atl is going to hit those hr's and put them into a fanduel lineup. tx sha for the inspiration.
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I'd go with whatever Taylor Swift says.
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I’ll go with whatever Shadowcat says
😁
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So basically the resident neonazis think Harris will win.
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@Icee
Every one isn’t a neo nazi some folks actually have a reason to vote for Trump, you are the same as those you’re denigrating, just because you don’t agree doesn’t mean they’re evil, you are just as un American as the folks you’re attacking
It’s long past your 15 minutes of fame, your just not as important as you think you are.
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Trump will definitely win....that is until the boxes of envelopes (which I'm sure is legit as all fuck) start coming in. Then Kamala in a landslide.
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'Dems don't do anything by the rules, ever. '
Huh? You mean presenting bunches of unaccountable mail in votes and allowing voters without an ID to vote isn't within the rules?
Say it aint so.
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hell no
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I too am a degenerate gambler. I do not require high confidence in something to place a modest wager on it. But, I do have to find it somewhat interesting. That's where the election results loose me. When I bet on the Dolphins, I enjoy watching the came. If I were to bet on the election, I would not enjoy watching the results come in. So, no, not betting on elections.
If I could sit outside the voting places and point at individuals as they came out, and bet on who they'd say they voted for, I'd do that all day. As long as there was drinks and snacks too.
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Whats the reason election gambling was illegal up till now? Thats strange in itself.
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@rickmactodong Apparently the government felt that placing a wager on the election could have influenced it.
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I have been considering betting on the candidate I do not want to win as a hedge.
That way, if the candidate I do not want to win is elected at least I’ll win a grand to make me feel a little less bad on Election Day.
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25 is not the same as all those he denigrates. Most of the patriots he attacks, like myself, want the best for our country and not always to our own personal gain. 25 only cares about himself and the little fantasy world he has spun for himself on TUSCL. The reality, the sad, pathetic reality, is that he a broken feeble old man who has ran off his whole family and wasted his life fucking over everyone around him. That is why he such a bitter, hateful, asshole. He has no room for gratitude and joy in his life. Don't waste time debating him, he is a deluded narcissist too deep in his own denial to ever come close to seeing reality for what it is.
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How did Dems cheat last time ?
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@wld4 - hmmm, let's see. Deep blue district where I live was neck & neck with 85% of votes counted. Suddenly they suspended counting and sent everyone home. Next day they came back to work to count the last 15% and suddenly Biden wins by a wide margin.
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Any evidence of actual cheating there ? Or even that someone filed a complaint or report about it ?
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Just a coincidence, I'm sure.
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@Puddy Tat So how did you feel when your candidate won & you were out the grand? Was it worth it for you? Small dicks aside, lol.
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Once campaigning begins under the laws in place, any change whatsoever is cheating. That applies to every election, but only seems to have occurred during the pandemic. The pandemic was the excuse de jour for cheating being ok. No matter who won the election, the election was a fraud. That includes Trump had he won.
We learned nothing from Al Gore's cheating.
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I am not a big gambler, but I've always hated handing my money over now for an event that will happen months from now as a free loan.
It's like betting in the preseason how many wins my NFL team will get or who will win the Superbowl. Even if I win, that money is locked up for 4 months with the sports book, and that's not baked into the lines.
I feel the same about election betting. Not worth it.
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A couple of right wingers claiming cheating but without evidence. Another one who lost a $1,000 bet but claims it was a purchase of the winner's soul.
I'll let you guys in on a little secret. This election isn't just about keeping Trump out of the White House. It's also about ensuring far right wing idiocy doesn't gain more of a foothold in our country.
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^ If you’re not cheating you aren’t trying hard enough.
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Liberal logic: anyone he disagrees with is a right wing idiot. But throwing away billions of dollars in Ukraine, illegal aliens, Muslim terrorists, and freebies for freeloaders (apart from the illegals) makes perfect sense. If it were a storyline in a book, it wouldn't pass the suspension of disbelief; but this is liberal policy.
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^ Weirdo
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I don't have time for you today, loser. Get a life.
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^Pathetic Weirdo
LOLOLOLOLOLOLOL
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The more interesting bets are related to the national debt. Will we reach a point where the Fed has to create money to buy US Treasury bonds? Trump's talking about both tax increases (tariffs) and cuts. Harris is talking about income tax increases on higher incomes, cuts (credits) and new spending. Will the Fed refuse to do that? Would the Congress then step in and force it to happen? Would there be a flight from the US Dollar into the Euro, the Yuan, or Bitcoin?
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^ We also can't afford a massive global trade war, or the largest deportation operation in American history.
Puddy, clever idea earlier with puts on Truth Social. However, you're wrong that the stock is useless either way. If Trump loses, it's worthless, I agree. If he wins, acquiring the company becomes an excellent way to bribe the president with significant sums of money.
Normally, the threat of impeachment would be enough to prevent that kind of specter of malign influence, but the Republican Party is one of sycophants and Trump knows if he gets elected he can do whatever he wants because they'll never find 10 GOP senators to vote to remove him, no matter what he does. He can even incite a mob to overrun the capital and overturn our elections, and they won't give a fuck.
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We can easily afford to return to the tax rates of Saint Ronald Reagan
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@Puddy, you always throw out TDS to me, but it seems like you're the one suffering from some sort of derangement here.
Look at the GOP platform. Look at Agenda 47, look at Project 2025, and look at what Trump is actually talking about on the campaign trail.
Trade wars and mass deportations are the most well articulated, concrete policy positions he holds. Most of his platform is meaningless drivel (e.g. "Stop Inflation" and "Fix Healthcare") without any clearly articulated policy proposals for how to do those things.
But the trade wars, and even more dangerously his policy of Mass Deportations are well articulated. It's well documented that Trump, in office last time, was hell-bent on using the military to do immigration enforcement. And it's well documented that this time around he would fire enough generals until he was left with enough right-wing zealots to who would do what he wanted.
Media outlets have written about this with painstaking detail. Here's one example with a quote: washingtonpost.com
Remember, this was the guy who separated parents from children as they crossed the border, he's capable of awful shit.
The only derangement I see here is your refusal to accept the basic fact that TRADE WARS and MASS DEPORTATIONS are FUNDAMENTAL to his platform. There's nothing else there. And you have to have some severe cognitive dissonance to look at these things and say "well, they're unrealistic, so they don't matter."
Because if those things don't matter to you, what does? If you think Trump's only detailed policy proposals are viable, what exactly about his campaign is compelling to you? I think there's some degree of projection and hope on your part about what a second Trump term would actually look like that is truly deranged.
We know what it would look like: MASS DEPORTATIONS, TRADE WARS, and the subsequent massive inflation, reduction in GDP, loss of jobs, and the human rights catastrophe those things would entail.
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americanprogress.org
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If Trump were smart, he'd align his tariff plans with those endorsed by Bernie Sanders ( sanders.senate.gov ). With the Biden-Harris wing of the Democrat Party, you can never be sure if they reject a particular tariff because it does net harm to US workers, or it does harm to the profits of a corporate donor to the corporatist Democrats.
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I do not know whether RonJax is knowingly lying or if he is simply so easily misled by whatever Don Lemon and Rachel Maddow tell him. Most of what he repeated are disproven lies.
John Bolton said whatever he needed to say to sell a sensationalist tell-all memoir. It really seems to be the only reason he joined the administration. He probably had the title and table of contents written when he accepted the NSC post. What is true is that Biden repeatedly pushes his unlawful student loan forgivenesss program despite SCOTUS rulings that he has no authority. He pushes title IX reforms, even though SCOTUS has ruled it unlawful.
Child separation program? Started by Obama, who truly was capable of some awful shit. The pictures that CNN opened every program with? Taken during the Obama administration. However, it really was the good and smart thing to do to separate the children from the adults for their own safety. If the parents really had the childrens' welfare at heart, they never would have taken them with them on the criminal enterprise.
Biden, Obama, and Harris are hell bent and have been using federal agencies to suppress and attack American citizens - terrorists' designations for dissenting parents at school board meetings, strong-arming social media into broadcasting admin propaganda, terror watch lists for trouble making citizens like Tulsi Gabbard, the IRS denying tax exempt status for conservative non-profits, fake statements disavowing factual evidence such as the Biden laptop, secret FISA warrants based on known false statements, and the list goes on.
What is the democrat platform? Dismantle law enforcement, orange man bad, more tax and spend, MAGA bad, men in girls' locker rooms, and kill more babies? The lies, distortions, and fabrications used by the left in the attacks on Donald Trump are repugnant. If they were only being used by the shills and hacks in the spin rooms, that would be one thing; but they are being written and introduced by the WH press secretary and VP of the United States! That is lowering the bar and sullying the executive office in fashion so grotesque it is only exceeded by getting blown by a chubby intern and masturbating her with a cigar in the oval office.
I cannot understand how you can love this country and support Harris in the same sentence. These are mutually exclusive statements.
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All you stupid fucks. You're going to vote who you're going to vote for, both sides are going to translate the data the way they want. Stop slapping away the reach around hand and get back into the rhythm of Melania, Boebert, AOC, and MTG (she's for Puddy and Gamm to tag team) dancing for money.
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I would love to see real efforts to reduce the deficit and get our taxation and spending more in balance.
Part of this needs to be higher taxation on the wealthy. What Buffett said years ago is even more true today: “There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.” Just check the article below. Or look at Musk on his way to becoming a trillionaire. These guys keep increasing their piece of the pie. It's mind-boggling how Republicans go along with this.
Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years
oxfam.org
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^ It won't be a complete solution, but it can and should be part of the solution, if we do it in a smart and effective manner (to your point).
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Immigrants coming into the country are a good thing, as theyll be willing to do all kinds of jobs the american public are too snobby to do. Their willingness to work for lower rates is even a benefit in the sex worker, escort, stripper industry. Even if some of them are criminal- you can increase police funding to counteract that. Of course you cant just give them free housing and free income- that defeats the purpose of letting them come here.
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Yup, Antifa, a bunch of trust fund brats, is deeply tied to the Democrat Party. But Project 2025, which counts former Trump cabinet members among its leaders, is totally dissociated from Trump. Because remember, you can disavow what someone you hired says or does, after they no longer work for you. You can't expect a competent leader to use good judgement in who they hire, that would be unrealistic.
A good society maximizes median disposable wealth, while providing for everyone's basic needs. There's nothing inherently moral or beneficial about taxing rich people. But, it's blatantly idiotic to increase taxes on people other than those who can most afford to pay them. And, it's blatantly idiotic to say we can control the deficit with spending cuts only, without pointing to a specific list of cuts. And not controlling the defecit runs a big risk of us ending up like Argentina or Zimabwe.
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project2025.org
"About
Advisory Board
A broad coalition of over 100 conservative organizations has come together to form the project pillars.
Project 2025, organized by The Heritage Foundation, is a movement-wide effort guided by the conservative cause to address and reform the failings of big government and an undemocratic administrative state. The opinions of Project 2025 and The Heritage Foundation do not necessarily represent the opinions of every one of its advisory board partners."
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@PuddyTat "What we need to do are take away the mechanisms the super rich use to hide their income. All the deductions. Big companies love complexity, because they have the resources needed to navigate it. Imagine if we could figure out Amazon's taxes on a 3x5 index card. There's no question how much they owe, and no loopholes to skate."
I agree with you but I don't think it is going to happen: youtube.com
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Seems like replacing corporate and income taxes with a comprehensive value added tax is the way to go. Greatly expand (and simplify) Earned Income Credit to be fair to low income households. Property taxes should be on the value of land only, high, but with a big deductible for each person residing at the property. Instead of cutting taxes on high income people in hopes they'll invest it, a VAT only gives them a tax break if they actually do invest it (rather than consuming more).
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@ibbaicnl I would be all for a Consumption tax to REPLACE the income tax. It sounds like it would be more fair because even people in organized crime, etc would have to pay taxes when they consume something (unless the buy it on the black market of course). But they would have to get rid of the Income Tax first. Otherwise we will just end up with more taxes like in Europe where they have Income Tax PLUS the VAT. "Value Added Tax" is a laughable name being that it adds no value.
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