Betting on Elections: History, Law and Policy

by - February 17, 2015

Betting on elections has a long history, despite periods of in which wagers were unenforceable and even criminalised. In recent years significant online markets have emerged, driven by the bookmaking industry in those jurisdictions which license betting on politics. These markets treats election wagers as a form of sports betting. This paper examines the provenance and regulation of election betting in the common law, with a particular focus on Australia. It charts this from early case law holding wagers involving electors to be void (as tainting voting decisions through pecuniary interest), through criminal prohibitions, some of which are still on the statute books (for fear that wagers could disguise electoral bribes) and onto contemporary regimes for licensing electoral bookmaking.

Betting on Elections: History, Law and Policy by Graeme D. Orr :: SSRN

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