2024 US Presidential Election Betting Sites

Is It Legal To Bet On The 2024 Presidential Election In The US?

You can bet on the 2024 presidential election in the US only through legal sports betting sites that are regulated internationally. Right now, all state-operated sportsbooks in the US like FanDuel and DraftKings are not allowed to take bets on the 2024 Presidential elections or any other election around the country. Most states specifically have laws against their in-state sportsbooks providing odds on any elections. However, presidential election betting sites that take US players are international. So, they can offer odds on US elections with no issues.

How To Bet On The Presidential Election Legally

1. Sign up for Bovada – In order to create an account at a presidential election sportsbook, players will have to provide their full name, zip code, DOB, phone number/email address, and create password.
   
2. Make a deposit – after signing up, head to the banking page of your sportsbook and choose to deposit with a credit/debit card, crypto, bank transfer, PayPal transfer, or other accepted payment options.
   
3. Place your presidential bets – Now that your account is funded, browse the many different presidential betting odds and choose which lines and props you want your money on in 2024.
   
4. Withdraw your winnings – After the 2024 Presidential Election is settled or any future political betting odds are settled you wagered on, there are many payout options. Choose to receive your winnings through PayPal, Bitcoin, Cash App, eChecks, bank transfers, or other methods.

What Are The Odds For The 2024 Presidential Election?

The odds for the 2024 Presidential Election are off the board after the AP declared Donald Trump the election winner. While there are odds for the 2028 election, it’s still a while away and expected to change constantly.

What Bet Types Are Offered At Legal Presidential Betting Sites?

• To Progress Further: This type of presidential betting prop is pretty straightforward. Online sportsbooks offer head-to-head odds on two candidates and allow bettors to put money on who will advance further in the race. Before Trump was officially made the Republican candidate, legal sports betting sites had odds on him or Ron DeSantis to progress further in the race.
• To Run For President: Before all of the candidates are set, legal betting sites offer odds on who will be running for president during each election cycle. There are odds for celebrities to run for president most years, especially after Trump ran and won in 2016. For 2024, Mark Cuban was one of the biggest names that sportsbooks took action on.
• Endorsements: This is where you can bet on if specific politicians will endorse candidates. For example, sportsbooks had odds on if Robert Kennedy Jr will endorse Donald Trump. There would have been odds on if Joe Biden would endorse Kamala Harris but he did so immediately after dropping out of the race.
• Exact Party Leaders: Exact part leader odds are offered early on in the presidential election cycle. For 2024, the most popular odds were on Donald Trump and Joe Biden to be the Democrat and Republican nominees. The rumors of Biden dropping out (which ended up being true) shook up these odds dramatically.
• Female President: There have been odds for when the first female president would be elected for many years. Players betting on this prop got the closest to winning back when Hillary Clinton ran against Donald Trump. Kamala has a chance in 2024 as well.
• Popular Vote: Betting on which party wins the popular vote is a common wager at presidential betting sites. While the democrats are often favored, it makes sense to play the expensive odds since they’ve won every popular vote since 1992 except the 2004 election (George W. Bush over John Kerry).

Donald Trump Prop Bets

Political betting sites offer many ways to bet on Donald Trump. For example, there are odds on the varying outcomes of the legal trouble he has found himself in as well as if he and Melania will file for divorce in the next five years.

• Will Trump and Melania Divorce? (by 2025)
• No-600
• No+450

• Year Of Trump Divorce Filing
• 2024 +3500
• 2025 +500
• 2026 +800
• Not before 2027 -550

What Non-Election Presidential Bets Can I Make?

Betting On The President’s Approval Rating

BetOnline frequently offers betting odds on the President’s approval rating a few months in advance. Each month, they offer odds on what the president’s approval rating will be at the beginning of the next month. Polling high within your own party and grabbing the support of moderates is the only way to keep a level above 50%, but most presidents see their number dip in the 40s.

Exit Date

These lines are in futures odds format as well and they are on when the president will leave office. The favored odds are usually on the year that the term is over with years before being listed with longer odds. Biden currently has -1000 odds to leave office in 2024 or after.

Can I Bet On Celebrities Running For President In 2024?

Many celebrities link themselves to a potential presidential run. Even rumors can circulate POTUS odds for an actor or billionaire. Potential celebrity politics bets could include names like Dave Portnoy, Mark Cuban, The Rock, Oprah Winfrey, and Matthew McConaughey.

• Look for more information about celebrities running for president in 2028 in the entertainment betting section of your sportsbook.

Pay Attention To Local Elections

Local elections, referendums, and other down-ballot races play a significant role in shaping voter turnout. In high-stakes local issues, more voters often turn out, especially if they feel directly impacted by the outcome. This increase in turnout can affect the presidential race by bringing new or less frequent voters to the polls, many of whom may also cast a vote for president. The dynamic is so significant that political analysts and sportsbooks closely watch local factors to gauge shifts in odds.

• Take California as an example. They have Proposition 32 which would increase the state minimum wage to $18 per hour. As California has the second-highest unemplyment rate in the country, this impact will bring more voters to the polls. But since California has voted blue heavily since the 1990s, it won’t impact the presidential race much.
• However, Florida could be a different story. Voting Republican in eight of the last 11 presidential elections, Florida will see Amendment 4 (the abortion initiative) be a major player. This decision could bring in more Florida women to vote or moderates who see less restriction as a good thing. With +4000 odds to not pass, sportsbooks are showing how much it matters and even shortening odds on the Dems to win Florida (though still a longshot at +1500 odds).

Political Betting Law Changes

A federal appeals court has ruled in favor of allowing Kalshi, a financial exchange startup, to offer “Congressional Control Contracts,” enabling bettors to wager on the outcomes of U.S. congressional elections. The Commodities Futures Trading Commission (CFTC) had attempted to block these contracts, citing concerns about potential risks to election integrity. However, the court disagreed, marking a significant step toward legal political betting in the U.S. Kalshi’s CEO celebrated the ruling, and the company plans to expand its political betting markets, while hundreds of millions have been wagered on the 2024 elections.

Is Polymarket A Legal Presidential Betting Site In The US?

Polymarket is a popular legal presidential betting site in many countries, but not in the United States. The decentralized Polygon-based platform stopped accepting traders back in 2022 following a $1.4 million fine by the Commodity Futures Trading Commission. Despite no longer offering presidential odds in the US, Polymarket has become increasingly popular globally. It is often used by news outlets referencing political betting odds and high-profile bets worldwide. One such example came in mid-October of 2024 when it was found that four Polymarket accounts bet more than $28 million on Donald Trump to beat Kamala Harris.

• Pro Tip: If you wish to use USDC to bet on 2024 presidential election odds at Polymarket and just learned that you can’t, there are a few sites that do accept the cryptocurrency and offer those odds in the US. Specifically, bettors should look to use BetOnline and SportsBetting.ag, as they are our two top-ranked betting sites that accept USDC deposits up to $1 million.

Can You Bet On The US Elections From Canada?

Yes, it is legal to bet on the presidential election from Canada through a few methods. First, unlike US states with sports betting, local bookies are allowed to offer odds on any US race. These regulations are approved under the legal Canada sports betting market for Ontario only. The other way (for Ontario and all other provinces) is to use online sportsbooks like BetOnline or Bodog to shop lines and find more political prop bets.

Is Betting On US President Betting Odds Legal From Mexico?

It is legal to bet on US elections from Mexico. While in person locations for legal Mexico sports betting may hold have presidential bets, you can find them online. Some of the same sportsbooks that take US players also take Mexican residents. You should even find Mexican election odds or bets on South American political races!