A single Billionaire like Musk can manipulate a small market of $1B bookies quite easily.
How, exactly, would he do that? Given the way that banking laws work, and given that book makers limit bets from any single person, any way he was trying to circumvent their limits would be blatantly obvious.
All of that money is “wasted”, Billionaires don’t expect political donations to come back and give them money.
Blatantly false. Billionaires largely expect the politicians they support to enact policies that they either agree with, or policies that will help them accumulate more wealth/retain more wealth. Musk gives money to Trump because Trump cuts Musk’s taxes, while Biden (and now Harris) have been talking about changing tax policies so that corporations have fewer loopholes. (Plus, the NLRB under Biden has brought a number of civil actions against Tesla.) It is very much a quid pro quo kind of situation, not just an ‘attaboy’.
How, exactly, would he do that? Given the way that banking laws work, and given that book makers limit bets from any single person, any way he was trying to circumvent their limits would be blatantly obvious.
Blatantly false. Billionaires largely expect the politicians they support to enact policies that they either agree with, or policies that will help them accumulate more wealth/retain more wealth. Musk gives money to Trump because Trump cuts Musk’s taxes, while Biden (and now Harris) have been talking about changing tax policies so that corporations have fewer loopholes. (Plus, the NLRB under Biden has brought a number of civil actions against Tesla.) It is very much a quid pro quo kind of situation, not just an ‘attaboy’.