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Here's Where and How to Bet on the Presidential Election

Presidential election betting screenshot

  • Government

The 2024 Presidential residential election is just days away, and thanks to a recent court ruling, you can bet on it. 

Sites like Kalshi, Predictit, Robinhood, and Interactive Brokers all offer a way to bet on the election. Here's where and how you should go about it. We think one site stands out as the best option: Kalshi.

Bet on the 2024 Presidential election with Kalshi here.



Bet the Presidential Election on Kalshi

Whether you’re a seasoned investor or new to market predictions, Kalshi offers a legal, straightforward platform to trade on the outcome of the election. 

Other places to bet on the presidential election include PredictIt, ForecastEx, and now Robinhood

However, here are the reasons why Kalshi stands out among the top election betting sites:

    1    Simple, Legal, and Reliable

    2    User-Friendly Interface

    3    High Liquidity: Easy, Fast Trading and Withdrawals

Bet on the 2024 Presidential election and other real-world events by signing up with Kalshi here. You’ll get $20 for your first $100 deposit.


Simple and Reliable Way to Bet on the Election

  • Legal and Regulated: Kalshi is fully regulated by the Commodity Futures Trading Commission (CFTC). It’s a legally compliant way to trade on market events in the U.S. Other platforms, like Polymarket, can’t make that claim. Polymarket remains illegal in the U.S., posing risks for users. If you're asking Kalshi vs. Polymarket? The choice is clear.
  • Smoother Sign-Up Process: ForecastEx sign-up process is tedious and requires more steps. Its UI/UX design has been criticized as complex. Kalshi, in contrast, keeps the sign-up and trading processes simple and direct.


For those who value ease of use, legality, and speed, Kalshi is the clear choice.

Kalshi has already accepted more than $125 million in bets on the presidential election.


User-Friendly Interface: Perfect for New and Experienced Investors

Kalshi stands out for its clean, easy-to-navigate interface, making it ideal for both new users and experienced traders. Unlike other platforms that can feel overwhelming or cluttered, Kalshi is intuitive. 

Every feature is designed to simplify the trading experience, helping you focus on your predictions rather than fussing with complex navigation. From creating an account to funding it and making your first trade, everything is simple, quick, and user-focused.


High Liquidity: Easy, Fast Trading and Withdrawals

Kalshi’s high liquidity is another advantage. This means that large trades won’t disrupt the odds, allowing users to buy or sell significant shares without impacting market prices. High liquidity also makes it easier and faster to withdraw your funds—no waiting on other users to fill orders or facing delays. Whether you’re trading small or large amounts, Kalshi provides a smooth and reliable experience.


How to Bet on the Presidential Election

To start betting on Kalshi is fast and easy. Here’s a step-by-step guide:

    1    Click on this link.

    2    Hit the “Sign Up” Button. You’ll find it in the top-right corner.

    3    Create an account: This step needs your email, phone number, username, and password.

    4    Fund Your Account: You have three options:

    ◦    Connect your bank account (next business days)

    ◦    Deposit with crypto (USDC, immediate deposit)

    ◦    Transfer via wire (3+ business days)

    5    Choose your market and place your bet.

The Kalshi betting interface doesn't show traditional American odds. Instead, each betting option is given a price, like a stock. For example, Donald Trump is currently trading at 59 cents, while Kamala Harris is at 41 cents. 

To bet on the winner, you select your candidate and the number of "contracts" you want to purchase at their given price. So, 100 Trump contracts cost $59; if he wins, they will pay out  a total of $100. 

You can sell your contracts before a winner is determined, too.

With election day fast approaching, these numbers are expected to fluctuate significantly as new developments unfold. This volatility presents a fantastic opportunity to enter the market and take advantage of potential shifts in odds. 

There are also more ways to bet on the presidential election at Kalshi:

    •    Electoral College WInner

    •    Popular Vote Winner

    •    Electoral College Margin of Victory

    •    State-by-State

Pretty great, huh? The wide variety of presidential betting odds is another feature that makes Kalshi so appealing. 

New users can get a $20 bonus to use on the presidential election by depositing $100 or more — click here to sign up.

Whether you’re aiming to hedge your position or make a timely prediction, now is the perfect time to start trading.

author

Kyle Scott

Kyle Scott runs OnPattison.com and is also the President of parent company Access Global Media, which reaches more than half a million readers through its network of sites across the Philly area, South Jersey, and the Jersey Shore. Scott founded and ran CrossingBroad.com before selling it to publicly-traded XLMedia in 2020, where he served as SVP of North America Sports for two years. He has more than 15 years experience in sports and digital media, and online marketing. In addition, he has also written for CBS Philly and Philly Voice, and been a panelist or contributor on NBC Sports Philly, FOX 29, and SNY TV, as well as a recurring guest on 97.5 The Fanatic, 94 WIP, 106.7 The Fan and other sports talk stations.

Wednesday, November 06, 2024
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