As of today, betting on elections is not allowed in the United States.
FanDuel Sportsbook would like to see that changed.
Given the positive tide and momentum around sports betting legalization, they might get their way sooner than later.
FanDuel wants to offer politics
FanDuel was acquired by Paddy Power in the summer of 2018. Their parent company, Flutter Entertainment, owns and operates a number of legal sportsbooks in Europe. Brands such as Betfair have crushed politics for over a decade.
In an interview with Yahoo Finance, FanDuel CEO Matt King said, “We would love to offer politics. Frankly, we like to offer games that everybody loves to play. Our parent company, Flutter Entertainment, does a huge business on the Betfair exchange with political betting. So the reality is it’s just a question of: Will it be allowed from a regulatory perspective? We are working on a couple things that might be more free to play, but will certainly tie into the election.”
How Americans could wager on politics
As more states regulate sports betting, the inevitability of what can be wagered on will grow as well. Political elections are a natural new frontier.
Americans could make would be straight moneyline wagers on the election. Here, you could bet on something like: Will Donald Trump win re-election in 2020? -150
Futures wagers will be popular as well, such as: Who will win the 2020 Democratic Presidential nominee?
Where could Americans bet on politics in the US?