Gambling On Papal Elections
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Gambling On Papal Elections
Gambling on papal elections has at least a 500-year history. Betting on 16th-century papal conclaves are among the first documented examples of gambling on election outcomes.Paul W. Rhode and Koleman Strumpf. 2008.Historical Political Futures Markets: An International Perspective". NBER Working Paper 14377. During the same period, gambling was also common on the outcomes of secular Italian elections, such as that of the Doge of Venice. 15th century The Republic of Venice forbade betting on the pope's life in 1419, and canceled bets already made. Life insurance policies were often taken out on the current pope, sometimes as genuine insurance by businessmen owed money by the papacy who feared a change of Pontiff, but also a purely speculative venture. Such policies on the lives of popes and other notable figures were forbidden in Barcelona (1435) and Genoa (1467 and 1494). 16th century The first recorded example of gambling on the candidate to be selected by a papal election occu ...
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Gregory XIV
Pope Gregory XIV ( la, Gregorius XIV; it, Gregorio XIV; 11 February 1535 – 16 October 1591), born Niccolò Sfondrato or Sfondrati, was head of the Catholic Church and ruler of the Papal States from 5 December 1590 to his death in October 1591. Early career Niccolò Sfondrati was born at Somma Lombardo, then part of the Duchy of Milan, in the highest stratum of Milanese society. His mother, of the house of Visconti, died in childbirth. His father Francesco Sfondrati, a senator of the ancient comune of Milan, was created Cardinal-Priest by Pope Paul III in 1544. In his youth he was known for his modest lifestyle and stringent piety. He studied law at Perugia and Padua, was ordained a priest and swiftly appointed Bishop of Cremona, in 1560, in time to participate in the sessions of the Council of Trent from 1561 to 1563. Pope Gregory XIII made him a Cardinal-Priest of Santa Cecilia in Trastevere on 12 December 1583. Sfondrati was a close follower of Carlo Cardinal Borrome ...
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Reginald Pole
Reginald Pole (12 March 1500 – 17 November 1558) was an English cardinal of the Catholic Church and the last Catholic archbishop of Canterbury, holding the office from 1556 to 1558, during the Counter-Reformation. Early life Pole was born at Stourton Castle, Staffordshire, on 12 March 1500, the third son of Sir Richard Pole and Margaret Pole, 8th Countess of Salisbury. He was named after the now Blessed Reginald of Orleans, O.P. His maternal grandparents were George Plantagenet, 1st Duke of Clarence, and Isabella Neville, Duchess of Clarence; thus he was a great-nephew of kings Edward IV and Richard III and a great-grandson of Richard Neville, 16th Earl of Warwick. Pole received his early education at Sheen Priory. He matriculated at Magdalen College, Oxford, in 1512, and at Oxford was taught by William Latimer and Thomas Linacre, graduating with a BA on 27 June 1515. In February 1518, King Henry VIII granted him the deanery of Wimborne Minster, Dorset; after which he w ...
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Paddy Power
Paddy Power is an Irish gambling company founded in 1988. Its product offering includes sports betting, online casino, online poker, and online bingo. The business is split into two divisions, UK Ireland (UKI) and International. UKI operations are conducted from its headquarters in Dublin, while its international business operates from its overseas hub in Malta. In February 2016, Paddy Power merged with Betfair to create Flutter Entertainment. History Paddy Power was founded in 1988 by a merger of the forty shops of three Irish bookmakers: Stewart Kenny, David Power, and John Corcoran. Stewart Kenny and Vincent O'Reilly had sold Kenny O'Reilly Bookmakers to Coral in 1986, and then opened ten shops of their own by 1988; Kenny was group CEO from 1988 to 2002, and chairman from 2002 to 2003. John Corcoran's shops had traded as Patrick Corcoran. David Power was a son of Richard Power and one of several inheritors trading under the Richard Power name. The Power name was conside ...
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Archbishop Of Westminster
The Archbishop of Westminster heads the Roman Catholic Diocese of Westminster, in England. The incumbent is the metropolitan of the Province of Westminster, chief metropolitan of England and Wales and, as a matter of custom, is elected president of the Catholic Bishops' Conference of England and Wales, and therefore ''de facto'' spokesman of the Catholic Church in England and Wales. All previous archbishops of Westminster have become cardinals. Although all the bishops of the restored diocesan episcopacy took new titles, like that of Westminster, they saw themselves in continuity with the pre-Reformation Church and post-Reformation vicars apostolic and titular bishops. Westminster, in particular, saw itself as the continuity of Canterbury, hence the similarity of the coats of arms of the two sees, with Westminster believing it has more right to it since it features the pallium, a distinctly Catholic symbol of communion with the Holy See. History With the gradual abolition of ...
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Pope John Paul II
Pope John Paul II ( la, Ioannes Paulus II; it, Giovanni Paolo II; pl, Jan Paweł II; born Karol Józef Wojtyła ; 18 May 19202 April 2005) was the head of the Catholic Church and sovereign of the Vatican City State from 1978 until his death in April 2005, and was later canonised as Pope Saint John Paul II. He was elected pope by the second papal conclave of 1978, which was called after John Paul I, who had been elected in August to succeed Pope Paul VI, died after 33 days. Cardinal Wojtyła was elected on the third day of the conclave and adopted the name of his predecessor in tribute to him. Born in Poland, John Paul II was the first non-Italian pope since Adrian VI in the 16th century and the second-longest-serving pope after Pius IX in modern history. John Paul II attempted to improve the Catholic Church's relations with Judaism, Islam, and the Eastern Orthodox Church. He maintained the church's previous positions on such matters as abortion, artificia ...
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Pope John Paul I
Pope John Paul I ( la, Ioannes Paulus I}; it, Giovanni Paolo I; born Albino Luciani ; 17 October 1912 – 28 September 1978) was head of the Catholic Church and sovereign of the Vatican City from 26 August 1978 to his death 33 days later. His reign is among the shortest in papal history, resulting in the most recent year of three popes and the first to occur since 1605. John Paul I remains the most recent Italian-born pope, the last in a succession of such popes that started with Clement VII in 1523. Before the papal conclave that elected him, he expressed his desire not to be elected, telling those close to him that he would decline the papacy if elected, but, upon the cardinals' electing him, he felt an obligation to say yes. He was the first pontiff to have a double name, choosing "John Paul" in honour of his two immediate predecessors, John XXIII and Paul VI. He explained that he was indebted to John XXIII and to Paul VI for naming him a bishop and a cardinal, respectiv ...
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Pope Leo XIII
Pope Leo XIII ( it, Leone XIII; born Vincenzo Gioacchino Raffaele Luigi Pecci; 2 March 1810 – 20 July 1903) was the head of the Catholic Church from 20 February 1878 to his death in July 1903. Living until the age of 93, he was the second-oldest-serving pope, and the third-longest-lived pope in history, before Pope Benedict XVI as Pope emeritus, and had the List of popes by length of reign, fourth-longest reign of any, behind those of Saint Peter, St. Peter, Pius IX (his immediate predecessor) and John Paul II. He is well known for his intellectualism and his attempts to define the position of the Catholic Church with regard to modern thinking. In his famous 1891 Papal encyclical, encyclical ''Rerum novarum'', Pope Leo outlined the rights of workers to a fair wage, safe working conditions, and the formation of trade unions, while affirming the rights of property and free enterprise, opposing both socialism and laissez-faire capitalism. With that encyclical, he became popularly ...
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Papal Conclave, 1922
The 1922 papal conclave was held following Pope Benedict XV's death from pneumonia on 22 January 1922 after a reign of eight years. 53 of the 60 cardinals assembled in the Sistine Chapel eleven days later on 2 February to elect his successor. They chose Cardinal Achille Ratti on the fourteenth ballot, held on the fifth day of the conclave. He took the name ''Pius XI''. The new pope immediately revived the traditional public blessing from the balcony, ''Urbi et Orbi'' ("to the city and to the world"), which his predecessors had eschewed since the loss of Rome to the Italian state in 1870. The four non-European cardinals did not participate in the conclave. Three of them arrived too late and one did not attempt the journey. Three weeks after his election, Pope Pius XI issued rules extending the time between the death of a pope and the start of the conclave in order to increase the likelihood that cardinals from distant locations could participate in the next conclave. Background T ...
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Papal Conclave, 1903
The 1903 papal conclave followed the death of Pope Leo XIII after a reign of 25 years. Some 62 cardinals participated in the balloting. Emperor Franz Joseph of Austria asserted the right claimed by certain Catholic rulers to Jus exclusivae, veto a candidate for the papacy, blocking the election of the leading candidate, Cardinal Secretary of State Mariano Rampolla. On the morning of the fifth day, on its seventh ballot, the conclave elected Cardinal Giuseppe Melchiorre Sarto, who took the name ''Pius X''. Background The pope, pontificate of Pope Leo XIII, Leo XIII came to an end on 20 July 1903 after 25 years, longer than any previous elected Pope, except his predecessor Pope Pius IX, Pius IX; together, they had reigned 57 years. While Pius had been a conservative reactionary, Leo had been seen as a liberal, certainly in comparison with his predecessor. As cardinals gathered, the key question was whether a pope would be chosen who would continue Leo's policies or return to the st ...
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Papal Conclave, 1878
The 1878 papal conclave, which resulted from the death of Pope Pius IX on 7 February 1878, met from 18 to 20 February. The conclave followed the longest reign of any other pope since Saint Peter. It was the first election of a pope who would not rule the Papal States. It was the first to meet in the Apostolic Palace in the Vatican because the venue used earlier in the 19th century, the Quirinal Palace, was now the palace of the King of Italy, Umberto I. Questions facing the cardinals When the cardinals assembled, they faced a dilemma. Should they choose a pope who would continue to espouse Pius IX's reactionary religious and political views, and would continue to refuse to accept Italy's ''Law of Guarantees'' guaranteeing the pope religious liberty in the Kingdom of Italy? Or should they turn away from the policies of Pius IX and choose a more liberal pope who could work for reconciliation with the King of Italy? Would choosing such a policy be seen as a betrayal of Pius IX, t ...
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Pope Benedict XV
Pope Benedict XV (Latin: ''Benedictus XV''; it, Benedetto XV), born Giacomo Paolo Giovanni Battista della Chiesa, name=, group= (; 21 November 185422 January 1922), was head of the Catholic Church from 1914 until his death in January 1922. His pontificate was largely overshadowed by World War I and its political, social, and humanitarian consequences in Europe. Between 1846 and 1903, the Catholic Church had experienced two of its longest pontificates in history up to that point. Together Pius IX and Leo XIII ruled for a total of 57 years. In 1914, the College of Cardinals chose della Chiesa at the relatively young age of 59 at the outbreak of World War I, which he labeled " the suicide of civilized Europe". The war and its consequences were the main focus of Benedict XV. He immediately declared the neutrality of the Holy See and attempted from that perspective to mediate peace in 1916 and 1917. Both sides rejected his initiatives. German Protestants rejected any "Papal Peace" a ...
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Canon Law
Canon law (from grc, κανών, , a 'straight measuring rod, ruler') is a set of ordinances and regulations made by ecclesiastical authority (church leadership) for the government of a Christian organization or church and its members. It is the internal ecclesiastical law, or operational policy, governing the Catholic Church (both the Latin Church and the Eastern Catholic Churches), the Eastern Orthodox and Oriental Orthodox churches, and the individual national churches within the Anglican Communion. The way that such church law is legislated, interpreted and at times adjudicated varies widely among these four bodies of churches. In all three traditions, a canon was originally a rule adopted by a church council; these canons formed the foundation of canon law. Etymology Greek / grc, κανών, Arabic / , Hebrew / , 'straight'; a rule, code, standard, or measure; the root meaning in all these languages is 'reed'; see also the Romance-language ancestors of the Engli ...
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