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Asian stocks retreat and oil steadies ahead of US midterms, with Polymarket and Kalshi assigning about 75 percent to Democrats controlling the Senate, Reuters reports
- Asian stocks retreat and oil steadies ahead of US midterms, with Polymarket and Kalshi assigning about 75 percent to Democrats controlling the Senate, Reuters reports — Reuters says stocks edged lower at the start of Asian trade on Tuesday and oil prices stabilised after the previous session tumble, with investors on edge ahead of US midterm voting. It notes prediction market sites Polymarket and Kalshi currently assign around 75 percent probability that Democrats will control the Senate, and MUFG analysts warned Brazil election surprise is a reminder prediction markets can misprice political tail risks. (Reuters)
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