Betting on the Midterms




The Takeaway show

Summary: <p>A financial trading company is <a href="https://www.politico.com/news/2022/09/05/voters-betting-elections-trading-00054723">trying to open up a new financial market </a>to allow investors to bet on the outcomes of the upcoming midterm elections. But federal regulators have to approve it first, and in the past <a href="https://www.politico.com/news/2022/08/09/no-future-regulator-orders-political-betting-market-to-shut-down-in-u-s-00050238">they've raised concerns</a> that markets could influence the outcomes of the races themselves. What are the odds?</p> <p>We're joined by <a href="https://economics.wfu.edu/faculty-and-staff/koleman-strumpf">Koleman Strumpf,</a> Professor and Burchfield Presidential Chair of Political Economy at Wake Forest University, to learn if this is a gamble the country is willing to take.</p>