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Economics

The Influence of Dark Money on Political Campaigns

Quick fact

In the 2020 election, dark money spending exceeded $1 billion for the first time, with just a handful of anonymous donors contributing hundreds of millions through nonprofit front groups.

Why this is interesting

You might think elections are decided by the candidates and their public campaigns, but a huge share of the ads you see are paid for by mysterious groups. Ever wondered who is really behind that attack ad—and why they want to stay hidden?