There are some online bookmakers that offer gamblers the chance to place bets on referendums and other political events. A referendum is where the government of a country allows the electorate to vote on a significant political issue. Recent examples of referendums include the vote in the UK to remain or leave the European Union (EU) and Scottish independence.
You need to be aware that betting on political events is legal in some countries and not in others. In the United Kingdom and Canada it is legal to bet on political events such as elections but it is illegal to do this in the United States.
Every year there are millions of bets placed on political events across the world. The British referendum to stay or leave the EU is estimated to have resulted in hundreds of millions of bets placed in GB pounds, Euros and other currencies.
For political bets, the presidential race between Donald Trump and Joe Biden in 2020 attracted around $1 billion in bets around the world. Imagine being the lucky punter from the UK that placed a £1 million bet on Joe Biden to win the US election!
Countries where Betting on Politics is legal and illegal
There are a lot of betting countries around the world where it is legal to place bets on political events such as referendums and elections. One country where betting on political events is illegal is the US. This may change in the near future as there is a lot of interest in betting on politics in America. If you are from one of the following countries then you can legally place political bets:
- Most countries in Europe
- United Kingdom
It is interesting that betting on politics has not always been illegal in the US. There has been a ban for around 150 years but some states still permitted political betting until 1940. Some experts believe that political betting will become legal again in the next 10 years.
Political Betting Markets
There are usually a number of different markets available from bookmakers that provide political betting opportunities. Of course, there are not political events taking place all of the time as there are with sports. But it should be possible for you to find a good selection of political betting opportunities at the most reputable online bookmakers. Markets will probably include:
- The final outcome of a referendum (e.g. Britain to stay in the EU or leave)
- The person that wins a national or local election
- The political party that wins the election (e.g. Democrat or Republican)
- The next president or prime minister of a country at any time
- When the next election will be held in a country
- Political party leadership races
- Impeachment of a president
- When a politician will leave their post
These are just some of the possible political betting markets available. There are likely to be others but these are usually the most popular.
What to look for with Online Bookmakers that offer Political betting
We have an experienced team at AZBookmakers.com that assess online bookmakers that offer political betting opportunities. Below you will see our recommended list of bookmakers to use for your political bets.
The first thing that we check is if the online bookmaker has a license to operate. Never place political bets with an unlicensed bookmaker. If something goes wrong or the bookmaker refuses to pay your winnings then there is nothing you can do if they do not have a license.
A lot of online bookmakers that offer political bets include this as part of their sportsbook and this means that any bonuses related to sportsbook members will apply. Usually, an online bookmaker will offer a matched deposit bonus for new members. They need to do this because the industry is highly competitive.
Sometimes an online bookmaker will provide a 100% matched bonus for first deposits. They may also offer bonuses such as free bets and bets that are risk-free. All of the online bookmakers in our recommended list below offer bonuses.
We test the range of betting payment and withdrawal methods offered by the online bookmaker as well as the overall security of their transactions. There are many other tests we perform such as the quality of the customer support. Here is our recommended list of online bookmakers that offer political betting opportunities:
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