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Favourites jostle in multimillion-dollar papal betting market

Daniel Arbon

Gambling on the next pope was all the rage in Rome back in the 1500s, scandalising the deeply religious city, according to a University of Nevada research paper on the topic.

A Roman saddle-maker admitted making more than five times his money by successfully picking Cardinal Castagna to head the Catholic Church in 1590. And his subsequent trial revealed swathes of the city were indeed gambling on the papal election.

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Daniel Arbon is deputy newsletter editor for The Australian Financial Review. Email Daniel at daniel.arbon@nine.com.au

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    Original URL: https://www.afr.com/world/europe/favourites-jostle-in-multi-million-dollar-papal-betting-market-20250423-p5ltmx