By Michael Kaplan

In the United States, the outcome of the presidential election, which will be decided on Nov. 5, is expressed primarily by people voting. In Great Britain and other jurisdictions around the world, it is expressed by people betting.

Considering that, in line with previous years’ numbers, billions are expected to be wagered on America’s presidential campaign outcomes. In the UK alone, the money generated by the event is massive and anticipated to be in the nine figures.

Stateside, however, betting on the upcoming election is only gray-area legal and fairly tepid: less than $1 million in wagers from American punters on two different exchanges.

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