Fun fact: Prediction markets for politics date back further than most people think, with well organized betting markets operating between 1868 and 1940

During the 1916 election the total betting pool was $165m, a number that dwarfed the actual campaign spending that year

Skeptical optimist, prediction market enjoyer

Stay Curious // iixii // Lazer Technologies // Prev: CoinDesk, Roc Nation // based

It was a legal gray area at the time but widely practiced and organized

Were these markets legal or regulated at all? Didn’t realize they dated back this far