Thanks. That was an interesting article. "Roman bookies ran numbers on the election of Renaissance popes until Gregory XIV banned the practice on penalty of ex

Thanks. That was an interesting article. "Roman bookies ran numbers on the election of Renaissance popes until Gregory XIV banned the practice on penalty of excommunication. Around the turn of the 20th century, Wall Street brokers openly traded election futures and newspapers quoted their prices like modern opinion polls. Strumpf estimates that at the peak of this practice, in the election of 1916, around $10 million was bet on these markets — more than $200 million in today’s dollars. By the end of the New Deal era, though, the electoral markets had all but disappeared, due to both competition — modern polling pushed the betting lines out of the newspapers — and legal crackdowns."