In the United States, political betting is as old as our Constitution. And it turns out that the odds are remarkably accurate.”After the Civil War, betting markets became increasingly concentrated around Wall Street. Rothschild found early in the election cycle, betting odds could provide more accurate probabilities than polling. An end to legal political betting. In 2013, Nevada bookmakers proposed political betting, but the Nevada Gaming Control Board rejected it.

Source: Forbes October 29, 2020 14:00 UTC