Mastodawn

The cryptocurrency industry super PACs dumped $14.2 million into the Illinois primaries. 90% of that – $12.8 million – was wasted, in that it went to opposing Democratic candidates who won their primaries (Stratton in the Senate race, Ford in H-07) or supporting their opponents.

Their only victories in the state were where they contributed money towards outcomes that were already highly likely. They opposed Robert Peters (H-02), who had been polling in third place and ultimately received 12% of the vote. They supported Bean (H-08) and incumbent Budzinski (H-13).

#cryptocurrency #crypto #USpolitics #USpol #Illinois

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ikesau Mar 18

@molly0xfff hey molly - maybe a dumb question but where does this money actually go? I don't really understand how money gets spent to put an ad on TV and who takes a cut. does it go from the PACs to local TV networks? big broadcasting conglomerates?

I'm aware i could google this, but maybe you have a post on it you could recommend?

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Molly White

@ikesau most of it goes to advertising airtime (lots of broadcast/cable television, some YouTube/etc). a fairly small amount goes to other expenses (ad production, print mailers, etc)