Yes, People Are Placing Bets On Politics. Here’s How | Georgia Public Broadcasting

20
Sep

Yes, People Are Placing Bets On Politics. Here’s How | Georgia Public Broadcasting

When Donald Trump attacked Sen. Rand Paul, R-Ky., early in Wednesday night’s Republican presidential debate, the crowd at Washington D.C.’s Union Pub roared.

“Yeah! Boom!” yelled one guy in the packed crowd, as Trump said he “never attacked [Paul] on his looks, and believe me, there’s plenty of subject matter right there.”

One person in the crowd wasn’t so thrilled, though. It’s not because Michael Burleson was backing Paul, but because he had money riding on the situation. Trading on a website called PredictIt, Burleson had wagered that Trump would not be the candidate with the most speaking time.

Before the debate began, Burleson explained he was strategically zigging where the market zagged.

“Everyone in the market is favoring that he’s going to speak the most, and I bet against that,” Burleson explained before the debate started. “I feel like I could make some good money.”

After the Paul exchange, he wasn’t so sure.

via Yes, People Are Placing Bets On Politics. Here’s How | Georgia Public Broadcasting.

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