What betting markets got right and wrong about Trump’s victory

T HE RISE of political polling and subsequent crackdowns on sports gambling drove political betting markets in America underground after the second world war. They remained in the shadows until last month, when a federal court cleared Kalshi, a betting exchange, to offer political bets to Americans. More than $400m has since been wagered on the site. The sums bet globally on other prediction sites reportedly tot up to several billion dollars. How did the speculators fare in America’s election?

Alan Heston, a pioneer in comparing economies, died on October 25th

Small investors, rejoice—and beware

Private markets are going mainstream

Whether that lasts is up to Donald Trump

It may bring stronger growth, higher inflation and a global trade war

Markets are betting Trump 2. 0 would boost the dollar. It could fall instead

https://www.economist.com/finance-and-economics/2024/11/07/what-betting-markets-got-right-and-wrong-about-trumps-victory

A source: www.economist.com/finance-and-economics/2024/11/07/what-betting-markets-got-right-and-wrong-about-trumps-victory