Trading volume for the 2026 midterms has roughly doubled from the 2024 cycle's election markets, with Kalshi and Polymarket both showing Democrats favored in th

Kalshi's state-by-state projections include Democratic flips and holds from Ohio and Texas to Georgia and Maine, giving traders a running scoreboard as results

States and platforms are heading toward a high court ruling on whether event contracts fall under federal or state gambling authority.

Operators exited the state after Utah filed criminal charges against Kalshi, escalating the state-versus-federal regulatory fight.

The approval marks a step toward regulated US futures market access for the prediction platform's brokerage arm.

The South Carolina result was the main miss for both Kalshi and Polymarket, which had priced the race for the Republican before polls closed.

The National Futures Association approval moves Polymarket's US derivatives arm toward regulated, fully collateralized brokerage status as it expands beyond off

Prediction markets priced Democratic control of both chambers as total midterm wagering on US races reached record levels.

The reported raise would value the prediction market platform far above its prior funding rounds amid a US expansion push.

The reimbursement follows a breach in which a third-party integration drained user accounts, with the case now referred to UK police.

Lawmakers pressed the two venues to prove their election odds are not tainted by manipulation or insider trading; both missed the requested deadline.

The case is among the highest-profile insider trading prosecutions tied to prediction market wagers.

The funding round more than doubles Kalshi's valuation and underscores how quickly regulated event contracts have grown beyond their election-betting roots into

Utah's charges against Kalshi and its founders mark an escalation of the state-versus-federal fight over whether event contracts are legal financial products or

Record election volumes show prediction markets have moved into the mainstream even as analysts debate whether the boom is peaking.

The Senate inquiry adds federal political pressure over manipulation and insider trading risks just as the platforms face their biggest election test.

The combined sweep contract is the headline number traders are watching heading into Election Day, with pricing across Kalshi and Polymarket broadly aligned.

The midterms are the first mass-scale referendum on whether market-implied probabilities beat conventional polling.

Record trading volume on Kalshi and Polymarket shows election wagering has gone mainstream even as regulators and lawmakers scrutinize the venues.

Markets and final polls converge on a strong Democratic night, with traders pricing roughly 75% odds of winning both chambers.

Multiple trackers show the Senate control market narrowing to a mid-70s probability for Democrats in the final hours of voting.

The upset result came despite markets favoring Republican Lindsey Graham, a rare miss for election traders.

Analysts and reporters are treating the 2026 midterms as the biggest accuracy test yet for election markets.

Lawmakers are demanding integrity safeguards as prediction market election volume reaches record highs.

Federal regulators argue Utah's criminal gambling charges against Kalshi conflict with CFTC jurisdiction over event contracts, prompting DraftKings, FanDuel, Fa

The novel single-stock perpetual contracts drew an immediate legal challenge from a Cboe and Citadel-backed coalition over the regulator's authority.

The approval gives the sports-betting firm a federally regulated route into event contracts alongside Kalshi and Polymarket.

The move would let Robinhood list company earnings event contracts on an in-house venue, extending its prediction market push into equities-adjacent bets.

The state is fighting to enforce its prediction market restrictions after a court blocked them, part of a widening state-by-state legal battle.

Analysts flag the outsized revenue prediction markets generate per trade relative to equities, even as legal threats cloud the business.

Federal agencies argue Utah's prosecution of Kalshi is preempted by the CFTC's exclusive authority over event contracts, escalating a state-federal clash over p

The injunction halted Illinois licensing and tax rules for CFTC-regulated event contracts, setting up an appellate test of state power over prediction markets.

Judges questioned whether sports event contracts qualify as swaps, leaving state gambling enforcement active while the case proceeds.

Utah's criminal and civil actions against Kalshi and its co-founders mark the most aggressive state challenge to prediction markets to date.

Operators pulled or shuttered Utah offerings following criminal charges against Kalshi, showing how state prosecutions can reshape market access.

The suit challenges the CFTC's clearance of leveraged single-stock derivatives, a decision that also opened a path for Kalshi.