After a surge in betting on prediction markets for outcomes of events like the 2024 U.S. presidential election, the next market that is generating plenty of interest and concern from regulators is the outcome of the murder trial of Luigi Mangione.
What Happened: Mangione recently pleaded not guilty to New York state charges that include murder in the first degree of UnitedHealthcare CEO Brian Thompson.
Recently extradited from Pennsylvania to New York, Mangione also faces federal charges that could lead to a death penalty sentence if he is found guilty.
Mangione’s story has captured plenty of attention in America as evidence linked the killing of Thompson, who was CEO of the insurance company owned by UnitedHealth Group (NYSE:UNH), to Mangione allegedly targeting the health insurance sector that he viewed as putting greed ahead of consumer health.
Ahead of Mangione’s extradition and court hearings, people in the U.S. and around the world have been able to bet on the outcomes thanks to the rise of prediction markets.
Kalshi, which is regulated by the Commodity Futures Trading Commission, took wagers on several items beginning on …Full story available on Benzinga.com
Can You Bet On Luigi Mangione’s Fate? Betting Platforms, Regulators Wrestle With Limits In Growing Market
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