Prediction market users spend nearly $200 million on midterm election bets: Report

Prediction market users have wagered in excess of $197 million on midterm election results, according to NBC News. The outlet ...

Plurality in new polling says prediction market betting on elections should be illegal

A plurality of respondents to a new poll believes placing prediction market bets on election outcomes should be illegal. The Politico survey found that 44 percent of 1,167 respondents believe betting ...
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Prediction market boom roils midterm elections: 'It's the wild west'

The significant boom of prediction markets is pushing U.S. elections into uncharted territory, prompting concern and scrutiny about the risks and regulation of betting on political outcomes. Kalshi, ...
The Washington Post

Why prediction markets’ election picks are useful, even when they seem wrong

A few days before the first round of Los Angeles’s mayoral primary, Kalshi and Polymarket gave reality TV star Spencer Pratt a 75 percent chance of advancing to the general election. Kalshi published ...