Future of politics: How billionaires and traders are shaping America’s 2024 election narrative

Quick Summary:

As the 1549 papal conclave dragged on into a second and third month, Venice’s ambassador to the Vatican, Matteo Dandolo, was outraged by insider trading.

"It is more than clear that the merchants are very well informed about the state of the poll,” he said, "and that the cardinals’ attendants in Conclave go partners with them in wagers, which thus causes many tens of thousands of crowns to change hands.

If well regulated, political prediction markets might yet provide probabilities that help guide us in times of uncertainty.

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Article Details

Author / Journalist: John Authers | Bloomberg News

Category: BusinessStartups

Markets: PhilippinesNew ZealandOman

Topics: Political Polls Election Trading Odds People Markets Market Prediction Percent Betting

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 16:06:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 2203 words

Reading Time: 13 minutes read

Sentences: 100 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23252439

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 11 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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