Can't Bet On Trump Or Biden To Win 2024 Election In US? This Crypto Market Could Have You Covered
Portfolio Pulse from Chris Katje
Polymarket, a crypto prediction market, offers betting on various events including the 2024 U.S. presidential election. It has become a popular platform for wagering on political outcomes, with significant amounts bet on the Republican nominee and presidential election markets. Despite its popularity, Polymarket does not offer political betting to U.S. residents following a CFTC ruling. DraftKings CEO Jason Robins expressed interest in political betting in the U.S. and is working with regulators to approve it. DraftKings currently offers betting on the 2024 election in Ontario, Canada.
January 11, 2024 | 12:28 am
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DraftKings CEO is interested in expanding into political betting in the U.S., which could potentially open a new market segment for the company. Currently, DraftKings offers election betting in Ontario, Canada.
The CEO's interest in political betting suggests that DraftKings is actively seeking to expand its betting offerings. If political betting is approved in the U.S., it could lead to increased user engagement and revenue for DraftKings. However, regulatory hurdles remain, and the timeline for such an expansion is uncertain.
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