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Prediction Markets Face Midterms Test
The platforms are under scrutiny as traders test whether election contracts can accurately price outcomes, with some high-profile misses raising questions.
WASHINGTON — With more than $1.48 billion wagered on Tuesday's midterm elections, prediction markets such as Kalshi and Polymarket face their biggest test yet of how reliably they can forecast political races amid growing scrutiny of their businesses.
CryptoTendence Kalshi and Polymarket face the test of U.S. legislatives, with more than $1.48 billion negotiated and doubts about their quotas. Kalshi and Polymarket's entry face the test of legislatives after moving $1.48 billion was first published in CryptoTendence.