US election betting is on a roll

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 30 October 2024

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On November 5, voters in the US will head to the polls to decide who should be the next president: Donald Trump or Kamala Harris. But over the past several months, people from around the world have been placing millions of dollars on who will win that race. As interest in betting on US politics reaches a new high, the FT’s Oliver Roeder and Sam Learner explain how these markets work and what can (and can’t) be learned from them.

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For further reading:

Prediction markets can tell the future. Why is the US so afraid of them?

Take political betting markets literally, not seriously

What the polls can’t tell us about America’s election

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Attend the FT Global Banking Summit, December 3 and 4 in London: Enter BTM20 for a 20% discount (applicable on all ticket types), register here.

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Balance your trading strategy by adding futures.
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0:23.0	Derivatives are not suitable for all investors
0:25.0	and involve the risk of losing more than the amount originally deposited
0:28.0	and any profits you might have made.
0:29.0	This is not a recommendation to offer to buy, sell, or retain any specific investment or service.
0:34.0	Hey there, it's Micella.
0:36.0	Before this week's episode, I want to inform you of an upcoming event that I think you'll want to know about.
0:41.0	This December 3rd and 4th, the FT's hosting its global
0:44.8	banking summit in London. And if you attend, you'll join the CEOs of Deutsche Bank,
0:49.8	Barclays, Wells Fargo, and more to explore the top global issues dominating banking today.
0:56.0	Oh, and I'll be there too. I'm hosting a Live Behind the Money Podcast on the third.
1:01.0	To find out more about the summit and claim a discount code, check
1:04.6	out our show notes and see you there.
1:10.0	Imagine that you've got a hunch.
1:12.8	Let's say you're convinced that Jamie Diamond,
1:15.9	the CEO of J.P. Morgan, is gonna be the next United States
1:19.7	Secretary of the Treasury.
1:21.6	You're so sure of this that you're willing to put money on it.
	...

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