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That's not the issue - individual votes can't influence the Presidential outcome in even your own state. Your last scenario is incorrect if by 'candidate' you m
by smcin 1y ago
That's not the issue - individual votes can't influence the Presidential outcome in even your own state. Your last scenario is incorrect if by 'candidate' you meant 'Presidential candidate' rather than 'Congressman/Senator/state governor/mayor/etc.' Since in US elections, very few states (and hence, very few voters) swing a Presidential election (in 2024 it was only AZ, GA, MI, NV, NC, PA, WI = 63m total population, only 18% of the US). Due to the ECV system/winner-takes-all, plus few states are in-play any election.
Anyway, no, voters voting to ensure payouts on (comparatively small) bets they've made is a non-issue at the national level. What is the real issue here is whale traders rigging (much smaller) political futures markets which other traders are using as a hedge on politically-exposed financial trades.
Look at the reported rigging and wash trades on Polymarket by UMA whales in 2024 and 2025:
https://www.theblock.co/post/348171/polymarket-says-governance-attack-by-uma-whale-to-hijack-a-bets-resolution-is-unprecedented https://www.theblock.co/post/348171/polymarket-says-governan...
- aurareturn 1y agoEvery vote counts in swing states. I didn't imply that US Election is won by popular vote - if that's what you accused me of. Furthermore, you're looking into the past. I'm projecting into the future if gambling markets become even more mainstream. If I was getting app notifications, targeted ads, articles encouraging me to gamble on the presidential election in 2024, how will it be like in 2028? 2032? 2036?