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Election prediction markets face federal crackdown as midterm trading exceeds 1.4 billion dollars, WSNext reports
- Election prediction markets face federal crackdown as midterm trading exceeds 1.4 billion dollars, WSNext reports — Trading on 2026 midterm markets has surpassed 1.4 billion dollars across more than 1,000 markets, with Kalshi and Polymarket accounting for most of that volume, and the total could exceed 2 billion dollars by Election Day. The report says a Democratic-controlled Congress could accelerate tighter CFTC oversight and possible restrictions on political prediction platforms. (WSNext)
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