You can now wager on the upcoming presidential election — and even do it legally.

Last month, a federal court ruling opened the door for political prediction markets in the U.S. Investors can now buy “contracts” based on predicting future events, and major brokerage firms like Interactive Brokers are offering their customers the service.

In September, U.S. District Court Judge Jia Cobb, a Joe Biden appointee, cleared the way for prediction-market startup Kalshi, where people have placed wagers on real-world events, to allow Americans to bet on the election.

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