- Feb 5, 2002
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As online gambling continues to grow in the United States, mostly on sports and casino games, bookmakers have also opened betting markets for a variety of other contests, including the current papal conclave.
The College of Cardinals is now in the midst of a papal conclave to select the next earthly head of the Catholic Church in a solemn closed-door process. This conclave has attracted global interest from Catholics and non-Catholics alike, along with tens of millions of dollars’ worth of bets on the outcome.
Polymarket, a popular cryptocurrency-based betting platform, is overseeingmore than $18 million worth of bets on the papal conclave. Another platform, Kalshi, is managing nearly $6.7 million.
The oddsmakers on Polymarket list Vatican Secretary of State Cardinal Pietro Parolin as the favorite to be selected with 27% odds and rank Filipino Cardinal Luis Antonio Tagle at second with a 22% chance. The cardinals just below them include Matteo Zuppi at 11%, Pierbattista Pizzaballa at 10%, and Peter Erdo at 7%.
Continued below.
www.catholicnewsagency.com
The College of Cardinals is now in the midst of a papal conclave to select the next earthly head of the Catholic Church in a solemn closed-door process. This conclave has attracted global interest from Catholics and non-Catholics alike, along with tens of millions of dollars’ worth of bets on the outcome.
Polymarket, a popular cryptocurrency-based betting platform, is overseeingmore than $18 million worth of bets on the papal conclave. Another platform, Kalshi, is managing nearly $6.7 million.
The oddsmakers on Polymarket list Vatican Secretary of State Cardinal Pietro Parolin as the favorite to be selected with 27% odds and rank Filipino Cardinal Luis Antonio Tagle at second with a 22% chance. The cardinals just below them include Matteo Zuppi at 11%, Pierbattista Pizzaballa at 10%, and Peter Erdo at 7%.
Continued below.
Gamblers are betting millions of dollars on who will be the next pope
The conclave has attracted global interest from Catholics and non-Catholics alike — along with tens of millions of dollars’ worth of bets on the outcome.
www.catholicnewsagency.com
