US Election 2024

Betting markets still have plenty of action despite end of election season

As the dust settles on the recent election season, many might assume that political betting would come to a halt. However, that couldn’t be further from the truth. In fact, the end of one election season only marks the beginning of a new wave of political betting opportunities for eager gamblers.

According to Maxim Lott, the founder of ElectionBettingOdds.com, there has already been a significant amount of betting activity on future elections, including the 2026 and 2028 races. Lott revealed that approximately a quarter million dollars has already been wagered on these upcoming events, showcasing the enduring popularity of political betting.

While major sporting events like the Super Bowl and celebrity boxing matches offer plenty of excitement for bettors, political enthusiasts can still find a plethora of options to place their bets on. One of the most popular topics is predicting the nominees for both major parties in the 2028 election. Currently, California Gov. Gavin Newsom and Vice President-elect JD Vance are leading the pack for the Democratic and Republican nominations, respectively.

Other notable names generating buzz among bettors include Pennsylvania Gov. Josh Shapiro and Michigan Gov. Gretchen Whitmer for the Democratic nomination, while Vance faces competition from figures like entrepreneur Vivek Ramaswamy and Donald Trump Jr. on the Republican side.

When it comes to predicting the winner of the 2028 presidential election, Vance holds the top spot in the betting odds, followed closely by Newsom and Shapiro. However, Lott cautioned that it’s still early days, and the odds are subject to change as more information becomes available in the coming years.

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In addition to election outcomes, platforms like Polymarket offer a wide range of betting options, including wagering on Trump’s Cabinet picks and their confirmation, as well as geopolitical events like the war in Ukraine and a potential cease-fire in Gaza. These markets provide a unique insight into current events and can help inform individuals about the potential future outcomes.

Overall, political betting offers more than just a chance to win money—it also serves as a valuable tool for understanding and predicting future political events. Whether you’re a seasoned bettor or just curious about the political landscape, keeping an eye on the betting odds can provide valuable insights into the world of politics.

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