Legal betting on the presidential election.

[Velocity]

Is there a website that offers **legal **betting/wagers on the presidential election?

[boffking]

If you are American, this is not legal. It is a violation of US law to gamble on an election.

[Jeff_Lichtman]

The Iowa Electronic Markets can be seen as a form of gambling on elections. PredictIt has a similar market-based system, as does Intrade.

I don’t know how they get around federal law.

[don_t_ask]

According to Why is it now legal to gamble on the 2016 elections?

In fact, in 2012, the federal Commodity Futures Trading Commission (CFTC), which regulates futures and option markets, prohibited political predictions markets on the grounds that they are “contrary to the public interest.”

That same year, it also sued and shuttered** Intrade**, an Irish prediction marketplace similar to PredictIt.

So why is PredictIt now allowed?

Because the government has said it won’t prosecute because PredictIt, an operation of the Victoria University of Wellington, New Zealand, and the political technology firm Aristotle, exists for academic purposes.