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Gambling on papal conclaves
tions has at least a 500-year history. Betting on 16th-century papal conclaves are among the first documented examples of gambling on election outcomes.[1] During the same period, gambling was also common on the outcomes of secular Italian elections, such as that of the Doge of Venice.[2] Leighton Vaughan Williams and David Paton employ a unique dataset to investigate betting on the 2013 papal election, set within the context of the history of betting on papal conclaves.[3] 15th century[edit] The Republic of Venice forbade betting on the pope's life in 1419, and canceled bets already made.
The deaths and advents of the Popes has always given rise to an excessive amount of gambling in the lottery, and today the people of Italy are in a state of excitement that is indescribable. Paddy Power, Ireland's largest bookmaker, started taking bets on the successor of Pope John Paul II five years before the pontiff's death. [27] On September 20, 2011, the United States Justice Department reversed its opinion that all forms of internet gambling are in violation of the Federal Wire Act.
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