The political betting atmosphere of the United States is charged with speculation, strategy, and expectations as the country gears up for the 2024 presidential election. One side is former President Donald Trump, who is aiming for a comeback that would make history. On the other side, Kamala Harris, the current Vice President of the United States is poised to become the first female president.
This election not only holds significant ramifications for the country’s future but also serves as an eye-grabber for political bettors across the globe. The tight competition between Trump and Harris has made knowing who will win the 2024 US election complex. According to a source, the election betting odds for the 2024 presidential election have changed as Donald Trump and Kamala Harris are now tied at 49% each.
Political Betting is becoming a popular trend, with platforms and individuals placing wagers on who will win, what states will flip, and how the Electoral College will decide America’s next leader.
In this blog, we’ll understand political betting including its legality and popularity, discuss contention between Trump and Harris, and other aspects. Let’s get started!
Table of Contents
Political betting requires the bettor to wager on event outcomes. Here events can be elections, referendums, US presidential elections, and other political events. It is similar to sports betting involving placing a wager on a particular candidate or outcome, with odds assigned to each option. In recent years, this type of betting has become increasingly popular with many sportsbooks offering political betting options. However, political betting is common in many nations, it is still not yet legal in the United States.
Political betting sites allowing bets also provide odds that are assigned to each outcome. These odds are based on several factors such as public opinion polls, past election results, election campaigns, and other political establishments.
The Electoral College is a voting system invented by the Founding Fathers. It divides the country into 538 electors who choose the president through the electoral college. The number of electors any state receives is dependent on its population size. It is determined by the number of members of the House of Representatives and Senate of each state.
For example, large states receive the most votes such as California (55), Texas (38), Florida (29), and New York (29). Whereas, smaller states receive just 3 votes such as Alaska, Delaware, Montana, and North Dakota. A candidate needs to secure at least 2710 votes to attain a majority for winning the presidential election.
Despite various controversies, Donald Trump remains one of the most popular figures within the Republican Party. His loyal base has stuck with him through thick and thin. His political image centers around economic populism, nationalism, and an “America First” approach to foreign policy.
On the other hand, Kamala Harris represents a completely different vision for the country. As a progressive leader, she personifies the Democratic Party’s commitment to diversity, social justice, and economic equity. If elected, she would become the first female president of the country.
Two different political ideologies set the stage for one of the most consequential elections in recent American history.
Trump and Harris differ in their political ideologies. However, they both focus on key issues that shape an average voter’s decision. Let’s take a look at a few of the topics discussed in the campaign.
The 2024 elections could affect the gaming industry in terms of online casinos and sports betting. States such as New York, Ohio, and Missouri are expected to see shifts in gambling-related legislation depending on the outcomes. In Missouri, voters will decide on a referendum regarding online gaming.
Stakes like Indiana and Texas, where gambling expansion has been a hot debate topic, might witness renewed efforts depending on election results. Ultimately, the presidential elections will influence state-level gaming legislation. (Source)
The 2024 election has a major impact on sports betting and iGaming industries. A recent court ruling cleared the way for betting platforms like Kalshi to offer wagers on U.S. election outcomes legally. This gives a spark to the hope for political betting to become more mainstream within the country contributing to the growth of iGaming and online sports betting markets. (Source)
The government is concerned about election integrity due to betting markets. However, demand for election betting continues to grow. If Kamala Harris comes to power, there may be more regulation over the sports betting industry, and if Trump wins, there could be deregulations that can fuel the growth in sports betting & iGaming.
The 2024 US Presidential election is likely to significantly impact the supply chains due to potential shifts in policy. If Harris wins, existing policies focused on supply chain resilience such as the White House Council on Supply Chain Resilience are expected to continue. These initiatives have aimed to strengthen domestic production and reduce reliance on imports. (Source)
If Trump wins, there could be higher import duties, especially from China potentially up to 60%. This would make companies rethink their sourcing strategies, increase costs, and lead to inflation. (Source)
One of the biggest areas where Trump and Harris clash. Trump with his “America First” approach, advocates for reduced US involvement in international alliances and agreements. His tough stance with China claims he can manage national security concerns much better.
Harris is expected with a multilateral approach working with allies to tackle global challenges like climate change, cybersecurity, and more. Her foreign policy is not as high profile as Trump’s will still play an important role in framing her leadership at the global level.
One looking to bet on politics must understand each candidate’s foreign policy. Its appeal to different voter bases can be crucial.
The US Presidential Election and the UK General Election are some of the most popular election betting markets available to bet on. The US presidential election is one of the most famous types of election betting. It grabs the attention of a large number of political enthusiasts as it is held every four years. Several factors impact the odds and outcome including public opinion polls and more.
The UK general election takes place after every five years. Various factors impact the odds and outcomes of the UK Prime Minister betting market including the popularity of individual candidates, the party’s standing in the polls, and any relevant political events that can take place in the general election.
Just like previous elections, political betting is set to become a major trend in the 2024 race. Platforms offering election betting markets will see a surge of interest as more people place wagers on various outcomes, from which candidate will win to the margin of victory in key swing states.
Political bet enthusiasts are likely to follow every twist and turn throughout the campaign, analyzing polling data, debates, and even social media trends to make informed betting decisions. The 2024 election is expected to surpass the 2020 election in terms of betting activity, especially with such high-profile candidates in the chase.
An important factor that could have significant influence over political betting markets is legal challenges. The possibility of delayed results or contested outcomes could lead to even more volatility in the betting markets.
There is some essential information you must know about political betting. The information here is about some aspects of political bets.
Value bets have higher winning odds set by online sportsbooks. The more you know about a topic, the more likely you can find the value bets.
The real-world impact is great as the popularity of betting on such events is high. It has a significant amount of impact on society and people who don’t consider themselves as traditional sports bettors.
Political betting is ideal for beginners as the concept is much simpler as compared to sports betting. There are fewer complex bets and results easier to follow and understand.
If you are someone who enjoys both betting and politics, election betting can be a thrilling and profitable way to engage with the political process. You can make informed betting decisions when you club your political knowledge with betting skills.
Enthusiasts interested in election betting must keep some key strategies in mind. First of all, it is important to look at polling trends. However, one must not rely on them solely as polls can be wrong, just like in 2016, when many predicted a Hilary Clinton victory.
One more strategy is to monitor the key swing states closely. Wagering on the overall winner is one option, but wagering on separate state outcomes can sometimes offer better odds. Lastly, one must keep an eye on laws and legal challenges that could impact election results in certain states. Political Betting platforms may offer odds on facts about whether certain laws will be upheld or overturned.
The popularity of political betting is more due to high media coverage of elections and political events and the emergence of online betting platforms. Another factor behind this popularity is the ever-growing acceptance of political betting as a legitimate form of betting.
The 2020 US presidential election saw a surge in election betting with many sportsbooks reporting unprecedented amounts of money wagered on the election. And each time records are broken, all thanks to the growing acceptance as stated above. If betting on domestic politics becomes legal across the country, its popularity will reach high.
In the UK, political betting has been popular for the last few years. This is majorly due to the growing acceptance among bettors in the UK.
Although political betting is legal in most parts of the world, the provisions are still unclear at least in the United States. There are no domestic and licensed bookmakers in the country that offer odds on elections or any political betting market. It does not prohibit US bettors from placing bets using offshore sportsbooks. However, a recent judgment from the federal appeals court gave the green signal to allow election betting on Trump or Harris to win.
Be it presidential elections or senate elections, the future of political betting has mixed concerns. The US government fears election integrity, but the recent judgment from the federal appeals court has allowed people for political bets over US elections.
As far as its future is concerned, the rise of digital betting platforms has made political betting more secure and accessible. It completely depends on the regulatory norms whether political betting on US elections is allowed or not. However, with immense popularity, awareness among people, and keeping regulations in mind, political betting will see an upward trajectory.
With increasing popularity, Political betting is enabling bettors to place bets. Political betting sites offer platforms to bettors to wager on presidential elections and referendums. Be it an experienced bettor or a newbie, these sites provide exciting opportunities to engage with current political events.
If you wonder where to bet on politics, no worries! Several sites stand out to provide a secure experience for election betting online. The best sites for political betting include Kalshi, Betfair, Ladbrokes, 888 Sport, and Bet 365. These political betting sites allow bettors to bet on politics and offer various markets, including elections, party performance, and other global events.
Here’s a list of popular political betting sites:
These betting sites politics offer insights, odds, and live updates to help bettors make informed decisions. Such platforms developed by sports betting development company allow betting on political outcomes can make you stay ahead in the world of political events.
We have a team of experts who can help you in app web & software development
Donald Trump vs. Kamala Harris in the 2024 US presidential election is shaping to become a highlight in American history. Two candidates with different visions for America have a clear choice about the country’s future direction. On the other hand, election betting offers bettors an exciting way to engage with the striking race, as they place bets on everything from state outcomes to voter turnout.
Whether you’re an expert having a strong catch over politics or someone looking for a political bet, the 2024 election will be a wild ride with several twists and turns by grabbing eyeballs from the world election.
This blog is for informational purposes only. BR Softech does not endorse political betting or any other form of gambling. It does not take responsibility for losses in gambling. Kindly check with your local jurisdictions.
You cannot place bets on the US presidential election on a betting platform. You’ll need to visit a country where political bets are legally allowed to be wagered.
A candidate must win at least 270 votes in the Electoral College voting system to become the US president. For instance, Joe Biden won 306 votes over Donald Trump’s 232, exceeding the electoral college’s requirements.
As per the latest ruling from the Federal appeals court, political betting is allowed for the US 2024 presidential election, making it a great opportunity for bettors to place their bets.
