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Anyone short-selling pro-Trump stocks? (self.Finance)

submitted 3 months ago* (last edited 3 months ago) by evenwicht to c/Finance

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According to BBC World News, the stocks in the US that are expected to do well under Trump are surging. I think those stocks are surely over-valued. Their value will be corrected after Trump loses.

~~In the US it’s illegal to bet on elections~~(see update), but betting on the stock market is fair game. I would love it if the some short-sellers would exploit this situation.

(update) It’s now legal to bet on elections in the US, as of a few weeks ago

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[–] themeatbridge@lemmy.world 4 points 3 months ago (1 children)

It's not illegal to bet on elections.

[–] evenwicht 1 points 3 months ago* (last edited 3 months ago)

A month ago you would have been wrong. But indeed apparently this just changed:

“Election bets were approved legally just weeks ago, as the 2024 race headed into its home sprint.”

https://www.nbcnews.com/politics/2024-election/election-betting-newly-legal-risks-getting-confused-polls-rcna177880