Midterm election betting surges on prediction markets Polymarket and Kalshi
Photo: New York PostHow coverage differs Alternative sources stress the market's broader growth and rise since 2024; right sources stress the dollar total wagered and the Texas Senate race.
Both reports say betting on the US midterm elections has grown on the prediction markets Kalshi and Polymarket. The New York Post reports that bettors have reportedly wagered over $220 million on the November outcomes, with large sums placed on the Texas Senate contest. Reuters describes a surge in midterm betting this year and notes that these platforms gained prominence in 2024, when they diverged from traditional opinion polls. The excerpts do not provide further detail.
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