The Electoral College is designed to average the voting power by considering the power of the voting population in high and low-populated states. This looks like the best plan to me and I wonder why people would condemn it because if not considered, it would have amounted to giving the more populated states more voting power over the less populated ones.
More populated states get more voting power anyhow.
The biggest disadvantage of this system is that you can basically lose with not a single vote in the major states, so no votes out of 100 million voters and then win by just 51% in the rest, so in theory, you could win the election by getting less than one-third of the votes.
For example California, Texas and Florida last time:
California 11,110,639 6,006,518
Florida 5,297,045 5,668,731
Texas 5,259,126 5,890,347
Biden got 21,666,810 and 55 electoral votes, Trump 17,565,596 and 67 electoral votes.
Does it look normal?
I believe that Kennedy truly saw something happened shady and bad in Democratic Party that is a his family's favorite party for many decades.
Or maybe he is the exception, as not every single Kennedy out there is nuts enough to brag about getting a roadkill bear cub from the street and then dump it in Central Park because he thought it was funny.
Anyhow, Stake has 3 states for betting, wonder if they will add more, as long as you still can place bets on candidates with 1:100 you can easily toss there most states too, and some of them are quite interesting, like PA and MI