Millions in bets in prediction markets on the possibility of dismissing the US Secretary of Defense.. What is the story?
- The total trading volume related to the possible dismissal or dismissal of US Secretary of Defense Pete Hegseth reached more than $7.5 million in prediction markets. As of Monday, the platforms "Kalshi" and "PolyMarket" offer on their home pages markets dedicated to betting on Hegseth's fate, and there are even markets with detailed details.
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- The total trading volume related to the possible dismissal or dismissal of US Secretary of Defense Pete Hegseth reached more than $7.5 million in prediction markets. As of Monday, the platforms "Calce" and "PolyMarket" offer on their home pages dedicated markets for betting on Hegseth's fate, and there are even very detailed markets that allow participants to bet on the names of the members of the House of Representatives who may support impeachment measures, and whether the Senate will vote in favor of conviction.
The anti-Hegseth movement, which includes members from both parties, has gained greater momentum in recent days. Calci traders currently expect a 71% chance that Hegseth will be impeached by the end of next week. If the House of Representatives moves against Hegseth, it will be the first impeachment vote in American history associated with amounts that could reach millions of dollars, money placed by people who bet on the outcome of this event.
Prediction markets allow users to bet on real-life events in politics, sports and entertainment. Opponents of the sector have criticized these companies for turning every aspect of cultural life into a gambling opportunity, raising concerns about addiction, as well as increasing the potential for insider trading.
It should be noted that the Ofoq News network has a partnership with Calci and uses its data to cover major events, but network employees are not allowed to participate in trading through these prediction markets.
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