While you won’t find odds on the presidential election on US sportsbook apps, betting on political races is allowed in Canada.
PredictIt is set to shut down in February 2023 after the CFTC revoked the no-action letter that allowed PredictIt to offer its election markets. The CFTC also refused Kalshi’s bid to offer congressional control markets on its platform. There is little appetite among regulators to offer election betting in the United States.