Nearly $1.9 billion traded on midterms in booming prediction markets

Nearly $1.9 billion traded on midterms in booming prediction markets

Nearly $1.9 billion traded on midterms in booming prediction markets

Traders wagered nearly $1.9 billion on the US midterm elections through prediction markets Kalshi and Polymarket, a Washington Post analysis found, a record for a midterm cycle. About $1.3 billion traded on Kalshi and roughly $600 million on Polymarket, across more than 7,000 possible outcomes. Before polling closed, markets put a Democratic sweep of Congress at about 75 percent, with Democrats given around a 93 percent chance of winning the House and about a 75 percent chance in the Senate. The figure counts repeat trades, so it measures turnover rather than the cash bettors had at risk.

Traders wagered nearly $1.9 billion on the US midterm elections through prediction markets Kalshi and Polymarket, a Washington Post analysis found, a record for a midterm cycle. About $1.3 billion traded on Kalshi and roughly $600 million on Polymarket, across more than 7,000 possible outcomes. Before polling closed, markets put a Democratic sweep of Congress at about 75 percent, with Democrats given around a 93 percent chance of winning the House and about a 75 percent chance in the Senate. The figure counts repeat trades, so it measures turnover rather than the cash bettors had at risk.

Traders wagered nearly $1.9 billion on the US midterm elections through prediction markets Kalshi and Polymarket, a Washington Post analysis found, a record for a midterm cycle. About $1.3 billion traded on Kalshi and roughly $600 million on Polymarket, across more than 7,000 possible outcomes. Before polling closed, markets put a Democratic sweep of Congress at about 75 percent, with Democrats given around a 93 percent chance of winning the House and about a 75 percent chance in the Senate. The figure counts repeat trades, so it measures turnover rather than the cash bettors had at risk.