Ryan is a Canadian university student who follows US politics closely.

So when former President Donald Trump was nearly assassinated back in July, Ryan, we agreed to use only his first name, heard about it just minutes after the story broke.

And I see that people are saying Trump just got shot. So I go to the live stream and I see

secret service pushing him away. There's confusion everywhere. A big event like this is market shaping news and Ryan

had money on the line not necessarily in the stock market, but in a growing market based on betting.

Ryan had a number of bets going on the US presidential election, and if Trump

had been killed, that would have changed everything.

But of course, Trump survived.

And I go on to Twitter and I see people starting to say,

Trump just locked the election.

He's the winner, he's resilient, Trump is going to win now.

Ryan logged on to the site that he uses to make bets on American politics. He goes by the name

Phantom Betts online. He quickly

bought more shares on Trump to win the election. When the photo of Trump raising

his fist began making the rounds, the share price soared.

And that was when Ryan sold his position

for a tidy sum of $700.

It's all about riding the wave, writing the narratives that you see. I want to catch a narrative before the public does, right? I buy the rumors, sell the news. I just sensed that the price would move and I was right.

Sites like the one Ryan is using are on the rise.

Their popularity is leading to a wave of betting on political events in the U.S.

And it's setting up a clash with U.S. regulators. of betting on political events in the US,

and it's setting up a clash with US regulators.

...