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Prediction markets got the midterm result right with more than 1.48 billion dollars wagered on Tuesday and Kalshi election volume above 2.5 billion dollars this cycle, Reuters reports
- Prediction markets got the midterm result right with more than 1.48 billion dollars wagered on Tuesday and Kalshi election volume above 2.5 billion dollars this cycle, Reuters reports — Reuters reports prediction markets got the big picture right in the United States midterms as Democrats seized control of the Senate and the House, with more than 1.48 billion dollars wagered on Tuesday elections. Kalshi total trading volume on election markets reached over 2.5 billion dollars this cycle, compared with 1.3 billion dollars in the 2024 cycle, and Polymarket election forecasts were about 98 percent accurate, while one notable miss came in South Carolina, where Democrat Annie Andrews defeated Republican Darline Graham after markets had implied a 70 percent chance for Graham. (Reuters)
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