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Which betting markets were right and wrong about Trump’s victory?

THE STANDS UP Political polling and the subsequent crackdown on sports gambling drove America’s political gambling market underground after World War II. They remained in the shadows until last month, when a federal court allowed Kalshi, a betting exchange, to offer political betting to Americans. More than $400 million has been wagered on the site since then. The amounts wagered on other forecasting sites worldwide reportedly amount to several billion dollars. How did the speculators fare in the American elections?

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