Kalshi, a company that offers prediction markets, sued the US government in an effort to legalize betting on elections. Nate and Maria discuss the pros and cons of election prediction markets. Plus, Nate gives an election update and Maria learns what to do when there’s no plus-EV move. Further Reading: Ready Your Bets: Election gambling is going mainstream in the US from Politico Election Betting Halted After Appeals Court Agrees to Hit the Breaks from WSJ Betting On Elections Can Tell Us A Lot. Why Is It Mostly Illegal? from the New Yorker For more from Nate and Maria, subscribe to their newsletters: The Leap from Maria Konnikova Silver Bulletin from Nate Silver See omnystudio.com/listener for privacy information.