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El Pasoans Engage Heavily in Midterm Election Prediction Betting

KTSM••Max Rego and The Hill
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In recent months, users of prediction markets have reportedly wagered close to $200 million on midterm election outcomes, indicating a significant interest in political betting. Allegations have surfaced regarding individuals utilizing insider information to gain an advantage in these bets, raising concerns about the integrity of the markets. This trend highlights the growing popularity of prediction markets among residents in El Paso and beyond, as they seek to capitalize on political events. As the midterm elections approach, participants should be aware of the potential risks associated with betting based on non-public information.

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