All in: America bets on prediction markets

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  The Economist.

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  If you put a hundred bucks down right now, you could turn it into more than 560.

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  If Bad Bunny wears a dress at the Super Bowl.

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  Americans are expected to bet nearly two billion dollars on the game this year.

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  Some will play it straight, wagering on either the Seahawks or the Patriots and how big the win may be.

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  But there will also be novel bets, like what the announcers may say,

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  when the first timeout is called,

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  the color of the Gatorade that's likely to get dumped on the winning coach,

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  and whether Bad Bunny wears a dress.

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  Many of those bets will be made on prediction markets.

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  All of this is legal.

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  It has the blessing of the NFL, and it would not be this way without the US Supreme Court.

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  I'm Charlotte Howard and this is Checks and Balance from The Economist.

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  Each week we take one big theme shaping American politics and explore it in depth.

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  Today, sports betting, prediction markets, and the impact on America.

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  In 2018, the Supreme Court cleared the way for states to authorize sports betting

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  and unleashed an era of mass gambling.

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  From the leagues to sports media to our phones, betting is everywhere.

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  But it is not confined to sports.

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  On prediction markets, individuals have bet on everything from the outcome of an election

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