The billion-dollar bets on Prediction Markets that are reshaping American elections
May 13, 2026
< 1 min read
by Hania Humayun
for CryptoPolitan

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AI Overview
For the first time in almost 100 years Americans can legally bet on election outcomes using online contracts that let users buy and sell positions on whether specific politicians will win. Supporters say these markets beat traditional polls, a shift that could boost adoption of crypto and blockchain prediction markets, DeFi betting products and on-chain market infrastructure.
Bullish
For the first time in almost 100 years, Americans can legally place bets on who will win elections. Betting websites now let people buy and sell contracts based on whether certain politicians will win or lose. People who support them say they do a better job of figuring out what will actually happen than old-fashioned...