Kalshi’s US Midterm Trading Tops $1.4 Billion as…
By Karthik Subramanian
AI summary of the source article
Prediction market Kalshi recorded over $1.4 billion in trading volume tied to the 2026 US midterm elections by November 3. The milestone highlights growing participation in political event contracts alongside heightened regulatory scrutiny.
Why it matters
For the prediction market industry, the midterms represent both a commercial milestone and a test of credibility.
Key facts
- Kalshi recorded more than $1.4 billion in trading volume tied to the 2026 US midterm elections by November 3.
- Kalshi's congressional balance-of-power contract alone generated approximately $251 million in volume, and a separate House control market drew over $181 million.
- The Washington Post estimated nearly $1.9 billion in midterm contracts had traded across Kalshi and Polymarket combined by late November 2.
Source excerpt · FinanceFeeds
Prediction market Kalshi recorded more than $1.4 billion in trading volume tied to the 2026 US midterm elections by November 3, highlighting the growing importance of event-based derivatives in political forecasting. The figure, supplied by Kalshi to Fortune, covered contracts linked to congressional control, individual races and other election outcomes. On Election Day, Kalshi's markets assigned…