69% of Democrats and 61% of Republicans oppose using prediction markets to bet on US elections, according to a Reuters/IPSOS poll
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69% of Democrats and 61% of Republicans oppose using prediction markets to bet on US elections, according to a Reuters/IPSOS poll
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On the Newsquawk feed at , 20 minutes before this page.
Context
Public opinion of this kind matters here less as a market signal than as political cover: polling on election betting has historically been cited in regulatory debates over whether event contracts constitute gaming or legitimate price discovery, and bipartisan opposition of this breadth tends to lower the political cost of restrictive action. The operative channel is the federal regulator's jurisdiction over designated contract markets and the treatment of election-related contracts, an area that has been contested in court and in rulemaking rather than settled by statute. Bipartisan alignment is the distinguishing feature; issues where both parties' voters agree have historically been easier for agencies and legislators to act on than the usual partisan split. What is worth watching next is whether any sitting regulator, lawmaker, or campaign adopts the finding, and whether pending applications or litigation involving election contracts draw fresh comment. As polling rather than policy, the headline carries no direct pricing transmission; its weight accrues to the regulatory trajectory of prediction-market venues and the liquidity already concentrated in election-linked event contracts.
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