Biden Admin Orders Ban on Presidential Election Betting Markets

Democrat President Joe Biden’s administration is moving to ban betting markets from taking bets and publishing odds on the outcome of the presidential election.

Biden and the Democrats have been desperately trying to convince the American people that President Donald Trump doesn’t already have the November 2024 election locked up.

Polling data increasingly shows Trump soaring among voters while Biden plummets.

Now, the Biden admin is attempting to eliminate betting odds from the equation by cracking down on the industry ahead of the critical November election.

According to Breitbart, “The Biden administration ordered a ban on 2024 election betting markets, which often show former President Donald Trump winning in November and President Joe Biden remaining his party’s nominee.”

Many people prefer to look at betting markets as opposed to traditional polling methods when deciding how much support a particular candidate is currently enjoying because the people who set the odds are not influenced by what the political parties want to be portrayed.

There is a lot at stake for betting companies, as setting their lines wrong even a little bit could lead to disastrous losses for the books.

As a result, the books are usually very up-to-date on their research, because not doing so would put them out of business pretty quickly.

That is not the case with political polls, which are often conducted by somebody who is looking to create stats that justify the truth they’ve already made up in their head.

For example, media outlets told us that Trump had no shot in 2016 because they wanted us to believe he couldn’t win.

Then, the man went out and won.

Some political polls out there may actually be trying to be accurate, but a large percentage of them out there are not done for any reason other than to push a particular agenda.

When liberals need to show that Joe Biden isn’t doing as poorly as America thinks he is, they can pull up the poll numbers that favor them.

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Perhaps only a certain demographic was questioned, or the poll was only conducted in one location.

By showing that a certain candidate is winning or losing, the networks are often trying to convince you that the candidates require more or less support depending on what would most benefit the network.

Betting markets can’t simply use statistics to tell whatever story they want.

If they set a line wrong, they are going to pay for it when the public takes action.

No bookmaker is willing to go bankrupt because they want it advertised that a particular candidate is in better shape than another.

They are motivated by the dollar and the truth, and neither of those things lie.

Liberals do though, which is exactly why Biden may want to completely ban presidential betting lines.

Many are speculating that Joe wants to shut down the books because they offer the public concrete proof that Trump is in a better spot than Biden right now.

Additionally, if Biden wins in November after getting crushed in the polls, and the bettering odds, it would certainly raise suspicions.

READ MORE – CDC Admits Covid Shots Killed 500,000 Children & Young Adults

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By Nick R. Hamilton

Nick has a broad background in journalism, business, and technology. He covers news on cryptocurrency, traditional assets, and economic markets.

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