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The Playbook Podcast

September 13, 2024: This election season, all bets are on

The Playbook Podcast

POLITICO

News, Daily News, Government, Politics

3.9699 Ratings

🗓️ 13 September 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Legalized sports gambling is everywhere. Could betting on elections be next? Americans will soon be able to legally gamble on the presidential election. After a judge rejected the Commodity Futures Trading Commission’s attempt to block it, financial exchange company Kashi launched the country’s first fully regulated election-betting markets on Thursday. Capital markets reporter Declan Harty walks Playbook co-author Eugene Daniels through what this means for the election, and why some officials are ringing alarm bells.

Transcript

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0:00.0

Presented by BP.

0:05.3

Hey, good morning.

0:06.7

I'm Playbook co-author Eugene Daniels.

0:08.5

It is Friday, September 13th.

0:12.2

Yes, stay inside.

0:14.0

It is Friday the 13th in this wild election year.

0:18.7

Ears was driving the day.

0:25.1

First up, it seemed like our dream came and went very quickly.

0:31.5

Former President Donald Trump says he will not debate Vice President Kamala Harris again.

0:36.3

After their debate on Tuesday, her team offered to do at least one more debate. But President Trump says, quote, there will be no third debate in all caps on his social media site, Truth Social.

0:45.1

Also, don't miss this week's episode of Playbook Deep Dive. My boy, Ryan Lizza, set down with Republican strategist Mike Murphy to chat about the debate, the Republican Party post-Trump,

0:56.3

and how he almost killed J.D. Vance's dream of becoming a senator back in 2017. That episode is out

1:04.0

today. Find it wherever you get your podcasts. And lastly, this story is a bit of a weird one. Financial Exchange startup Kalshi.

1:14.5

On Thursday, got a green light to begin offering day traders, want to be political pundits,

1:19.1

and financial institutions, the chance to wager thousands of dollars on whether Democrats or

1:24.3

Republicans will control Congress next year. Some financial firms will be allowed to bet get this as much as $100 million.

1:34.2

But then overnight, the ruling got stayed after the Commodity Futures Trading Commission filed in appeal.

1:41.0

I talked to Declan Hardy before that stay happened. Here's our conversation.

1:46.0

Declan, thanks for coming on.

1:47.6

Thanks for having me, Eugene. I appreciate it.

1:49.2

I found this story to be fascinating and explain to people the ruling that the judge overturned.

1:56.7

Yeah. So last year, the Commodity Futures Trading Commission, which is kind of this relatively small financial regulator, usually in charge of things like...

...

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