Politics

Ron Paul Pays 1 to 3 Odds With 2nd Place Win in New Hampshire

Ron Paul has been declared as the 2nd place finisher in the state of New Hampshire for their Republican Primary Tuesday night.  Paddy Power had been offering the Texas Congressman with 1 to 3 odds of winning without Mitt Romney, who easily won the state he calls his second home.

At press time, Paul appeared to be grabbing over 20 percent of the state vote after finishing a very close third in Iowa (only four percentage points behind the co-winners, Romney and Rick Santorum).  Santorum was not a major factor in the New Hampshire race. 

Submitted by Aaron Goldstein on, Jan/10/2012

Casino Billionaire Sheldon Adelson Behind Super PAC Ad Blasting Mitt Romney

The casino billionaire magnate Sheldon Adelson is reportedly spending $5 million to a Super PAC group supporting Newt Gingrich.  Adelson is said to be a huge supporter of the former House Speaker. 

Submitted by Aaron Goldstein on, Jan/09/2012

Odds to Wn the New Hampshire Primary Have Ron Paul Winning (Without Romney)

So certain are the oddsmakers at Paddy Power that former Massachusetts Governor Mitt Romney will win Tuesday’s Republican Primary in New Hampshire, they are offering odds without him and have Texas Congressman Ron Paul as the 1/3 favorite.   

Paul finished a strong third in Iowa last week, just a few points behind the co-winners, Romney and former Pennsylvania Senator Rick Santorum. 

For most pundits, New Hampshire is about who will finish second and Santorum appears to be losing some steam while Paul gains.

Submitted by Aaron Goldstein on, Jan/09/2012

No Political Betting For Nadex… For Now

If last night was any indication, the political betting arena should be an exciting one.  Too bad the North American Derivatives Exchange (Nadex) won’t be able to take part, at least for the time being.

Submitted by Aaron Goldstein on, Jan/04/2012

Three-Man Race in Iowa Caucus Overnight

It was Rick Santorum, Mitt Romney and Ron Paul winning in the Iowa caucus overnight.  All three were essentially favorites to win coming into Tuesday.

As of 10:30 pm EST, Santorum was winning by a very slight margin.  Mitt Romney came in second.  Ron Paul came in two percentage points behind but was still very much in the race.  By 11 pm EST, Paul was determined to have finished in third place. 

On Tuesday, Ron Paul and Rick Santorum were engaging in a nasty little tift.

Submitted by Aaron Goldstein on, Jan/03/2012

Iowa Caucus Odds of Winning Have Rick Santorum, Ron Paul, Mitt Romney in Dead Heat

Rick Santorum has become the “new flavor of the week” at just the right time with the Iowa Republican Caucus taking place Tuesday evening.  The former Pennsylvania Senator is in a dead heat among the oddsmakers with Ron Paul and Mitt Romney to win it.  This promises to be one of the most exciting Caucuses to watch the results flow in.  Paddy Power, which does not accept bets from US citizens, had Santorum and Paul at 15/8 odds while Romney was listed at 5/4. 

Submitted by Gilbert Horowitz on, Jan/03/2012

Kelly Clarkson Twitter Endorsement of Ron Paul

GOP candidate Ron Paul got an unusual endorsement from none other than American Idol Season One winner Kelly Clarkson.

She tweeted on Thursday: 

"I love Ron Paul. I liked him a lot during the last Republican nomination and no one gave him a chance. If he wins the nomination for the Republican party in 2012 he's got my vote. Too bad he probably won't."

Clarkson fans don’t appear to be Ron Paul fans.  She came under their wrath for her endorsement.

Submitted by Carrie Stroup on, Dec/29/2011

Michele Bachmann Calls Former Iowa Campaign Chairman “Sell Out” to Ron Paul

GOP Presidential candidate Michele Bachmann called her former Iowa campaign chairman, Kent Sorenson, a “sell out” after he jumped ship Wednesday and headed over to the Ron Paul campaign.  She accused Sorenson of essentially being paid off by the Paul camp.  Texas Congressman, Ron Paul, is leading in some Iowa caucus polls while Bachmann trails far behind. 

Submitted by Gilbert Horowitz on, Dec/29/2011

Commission Must Act on NADEX Political Betting Request by January 4

The North American Derivatives Exchange (NADEX) has filed with the Commodity Futures Trading Commission (CFTC) to permit offering of betting on the upcoming political elections.  The deadline for a decision is January 4 and should the Commission fail to act, NADEX could begin offering such bets (or trades) within the next couple of weeks.

Three of those on the Commission must vote against the proposal for it to be discarded.  So far, only one Commissioner has come forward to oppose the NADEX request.

Submitted by Aaron Goldstein on, Dec/29/2011

Ron Paul Surging in Iowa: 4 to 5 Odds Favorite to Win Caucus

GOP candidate Ron Paul continues to climb in Iowa state polls.  His odds of winning next week’s Caucus were now at 4 to 5 at PaddyPower.com, which does not accept bets from US citizens at this time. 

Fox News noted that Paul’s success places him first in line to become the primary political punching bag.

Submitted by Gilbert Horowitz on, Dec/28/2011

Nadex Derivative Exchange Asks Permission to Trade Political Contracts

Intrade.com has been doing it for years, but now Nadex wants to get in on the act.  The popular derivative exchange Nadex asked the federal Commodity Futures Trading Commission for permission to sell contracts involving the predicted outcome of next year’s US Presidential race as well as which political party will control the House and Senate come next November. 

From USA Today

Submitted by Aaron Goldstein on, Dec/26/2011

Barney Frank Has Joined the Infamous Club of Celebrity Nip Slips (Video)

Yes it’s true, Democratic Massachusetts Congressman Barney Frank has joined the infamous club of celebrity nip slips.

Frank, who has been a huge supporter of one’s right to gamble online, appeared in a CSPAN video recently with a wardrobe malfunction.

From PerezHilton.com

Submitted by Jagajeet Chiba on, Dec/20/2011

Online Poker Felon Bill Sponsor Senator Marquerite Prentice May be Gerrymandered Out

A Washington State Senator, Marguerite Prentice, may lose her seat due to so-called gerrymandering.  Prentice helped co-sponsor a controversial bill that made playing online poker in the state a Class C felony with the punishment comparable to that of a multiple drunk driving offender and child molester.  Washington is the only state that criminalizes actual online gamblers. 

The Seattle Times noted that Prentice, a Democrat, will have to compete with other Democrats to remain in the legislature.

Submitted by Jagajeet Chiba on, Dec/18/2011

Ron Paul Iowa Ads: We Got ‘Em (Video)

Ron Paul is going strong in Iowa and many believe he can take that state in its Caucus a few weeks from now. 

His ads are slick and they are airing virtually nonstop throughout Iowa.

From the Washington Post:

Submitted by Gilbert Horowitz on, Dec/15/2011

Public Policy Polling Has Ron Paul One Percentage Point Behind Gingrich

Most of the national polls have GOP candidate Ron Paul tied with Mitt Romney in the Iowa Caucus but at least one poll now has Paul closing in on Newt Gingrich.

The long time Texas Congressman is coming in one point behind Gingrich the Public Policy Polling. 

Submitted by Gilbert Horowitz on, Dec/14/2011

Ron Paul Can Win Iowa (Video)

Don’t look now but GOP candidate Ron Paul is gaining on Newt Gingrich and has passed by Mitt Romney in some recent Iowa caucus polls.

The mainstream media is starting to hint at a Ron Paul upset.

The Texas Congressman, who has not only supported legalizing online gambling in the US, but has co-sponsored bills with the likes of Democrat Barney Frank, is considered the dream candidate for those in the poker community.

Submitted by C Costigan on, Dec/14/2011

Somach: Romney Wouldn’t Be First Gambling President

Much fuss is being made about Republican presidential candidate Mitt Romney's offer to bet fellow contender Rick Perry $10,000 during a live televised debate this past weekend.

Submitted by Thomas Somach on, Dec/12/2011

Fellow Mormon Jon Huntsman Mocks Mitt Romney $10K Bet in Latest Campaign Ad (Video)

GOP candidate for US President and former Utah Governor, Jon Huntsman, was quick to release an ad mocking Mitt Romney’s $10K bet offer to Texas Governor Rick Perry. 

Like Romney, Huntsman is a Mormon.  And like Romney, Huntsman is not supposed to gamble based on Mormon doctrine. 

Submitted by Jagajeet Chiba on, Dec/12/2011

Nets Owner to Challenge Putin for Presidency: Odds to be Released

The New Jersey Nets billionaire owner could soon become the new President of Russia. 

Mikhail Prokhorov will run against Prime Minister Vladimir Putin in the March presidential election.   Putin has come under fire in recent weeks for alleged widespread fraud during Russia’s December 4 parliamentary election.  His party only won around 50 percent of the vote compared to 64 percent four years ago. 

Submitted by Dan Shapiro on, Dec/12/2011

Romney Flip Flops on 10K Bet

US Presidential candidate Mitt Romney stirred up controversy Saturday evening during a nationally televised GOP debate by offering to bet fellow candidate Rick Perry $10,000 over his assertion that the former Massachusetts Governor had broadly supported requiring individuals to have health insurance.

“I’ll bet you 10,000 bucks,” Romney said, denying Perry’s claims.

Perry replied, “I’m not in the betting business.”

By late Sunday, Romney tried to laugh off the bet.

Submitted by Jagajeet Chiba on, Dec/11/2011

Mormons and Gambling: The Mitt Romney $10,000 Bet

One of the most searched terms coming to the Gambling911.com website during the overnight hours of Saturday and early morning Sunday:  “Mormons and Gambling”.  The flurry occurred following Saturday evening’s GOP debate on ABC where US Presidential candidate and Mormon Mitt Romney challenged fellow candidate Texas Governor Rick Perry to a $10,000 bet over the assertion that Romney had broadly supported requiring individuals to have health insurance.

Submitted by Jagajeet Chiba on, Dec/11/2011

Ron Paul Says Newt Gingrich “Flavor of the Week” (Video)

GOP candidate Congressman Ron Paul of Texas appeared on CNN Wednesday afternoon to discuss Iowa, Donald Trump and more. 

During his interview, Paul referred to Newt Gingrich as “the flavor of the month” when asked if he was concerned about the former House Speaker leading in the Iowa polls. 

Not that Congressman Paul should be too concerned, some polls have him in 2nd place ahead of Mitt Romney.

Submitted by Gilbert Horowitz on, Dec/07/2011

Bachus Proposes “Blind Trust” After Insider Stock Trading Expose

Following a segment on the CBS news magazine “60 Minutes” claiming that Alabama Republican Congressman Spencer Bachus engaged in “insider stock trading” during the height of the financial crisis, Bachus himself has now proposed legislation that would require all members of Congress to place all their stocks, bonds and other securities into a blind trust that would be managed without their consent as long as they are members.

Submitted by C Costigan on, Dec/05/2011

CNN Introduces Intrade.com Monitoring for its Political Power Rankings

CNN on Friday introduced a new weekly segment, Political Power Rankings. 

Contributor John Avalon presented the segment while a panel came on to discuss the trending related to the GOP candidates, referencing the betting exchange intrade.com

Intrade is a prediction market that attempts to act as an indicator of possible outcomes for specified events such as Presidential elections. 

So who was on top of the CNN Political Power Rankings?

Submitted by Gilbert Horowitz on, Dec/02/2011

CNN Puts More Pressure on Bachus, Pelosi Regarding Insider Trading and Congress

Following a “60 Minutes” report, CNN’s Anderson Cooper on Thursday night made insider trading and Congress his top story of the evening.  The “violators” were none other than former House Speaker Nancy Pelosi, current House Speaker John Boehner and Alabama Republican Congressman Spencer Bachus.  Mr. Bachus has been one of the biggest advocates for online gambling prohibition and he is also allegedly one of the biggest of the “violators”.

What they did was not illegal but…

From Wikipedia…

Submitted by Aaron Goldstein on, Dec/01/2011

Herman Cain to Drop Out of US Presidential Race at 45 percent

The prediction markets at intrade.com have GOP US Presidential candidate Herman Cain with odds set at 45 percent of dropping out of the US Presidential race before December 31.

The market has given the former Godfathers Pizza CEO a 1 percent chance of becoming the nominee to represent the Republican party in 2012.

Submitted by Gilbert Horowitz on, Dec/01/2011

Bad News for Online Gambling: Foe Maxine Waters to Replace Supporter Barney Frank

Bad news for bettors!

It could be rocky Waters ahead!

U.S. Congressman Barney Frank made news this week when he announced he won't seek re-election and will retire at the end of his current two-year term, which expires on December 31, 2012.

The news was of particular interest to those in the online gambling community, as Frank has been the leading proponent among elected government officials for the legalization of online gambling in the U.S.

He wasn't just a proponent though.

Submitted by Thomas Somach on, Nov/30/2011

Barney Frank Won’t Run for Reelection: Online Poker Sector Must Act Fast

The online poker and gambling industry as a whole is about to lose one of its greatest allies as Massachusetts Congressman Barney Frank has announced he will not be running for reelection in 2012.

Submitted by C Costigan on, Nov/28/2011

Super Committee Failure Means Online Poker Won’t be Hitching a Ride

Supporters of legislation that would make online poker legal in the United States had hoped to have their bill attached to a so-called Super Committee financial reduction measure, but the prospects of this happening appear close to zero at this point.

It’s not so much that the online poker measure couldn’t somehow latch itself onto the deficit-reduction bill.  Instead, the Super Committee was about to declare failure on Monday.

From Reuters:

Submitted by C Costigan on, Nov/21/2011

US Presidential Hopeful Ron Paul Polling 2nd in Iowa (Video)

GOP hopeful and someone who has vehemently pushed for legalized online gambling in the US over recent years, Ron Paul, is polling 2nd in Iowa after Herman Cain.  This isn’t a distant second, it’s extremely close.

Submitted by Gilbert Horowitz on, Nov/16/2011

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