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Top story Prediction markets claim victory lap after calling midterms ahead of networks

Kalshi, Polymarket and other venues argue their 2026 midterm pricing beat traditional polls and TV calls, intensifying debate over their role in election coverage.

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Midterm prediction market volume tops $1.48 billion on Election Day

Record election wagering volume is cited as a stress test of platform liquidity and integrity under live vote counting.

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California tribes win injunction against Kalshi sports contracts

A court order blocks Kalshi from offering sports-related event contracts in California as tribes argue the products violate their gaming exclusivity.

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Democratic sweep priced near certainty by prediction markets before results

Markets moved to extreme probabilities on Democratic control of Congress in the final hours before polls closed.

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Arkansas sues Kalshi over state gambling requirements

The state suit adds to a growing set of legal challenges over whether event-contract platforms must comply with state gambling laws.

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Markets rally as divided Washington is seen reducing policy shocks

Investors welcomed a split government, with analysts citing lower odds of major legislative swings.

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Ossoff leads 2028 Democratic presidential odds after Georgia win

Post-midterm pricing shifted the Democratic 2028 field, with Ossoff moving ahead of Newsom and others.

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Texas election results raise hopes for casino and sports betting expansion

Dan Patrick's loss and shifting legislative makeup are seen as opening a path for gambling bills in Texas.

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Vance slips, Rubio and DeSantis rise in 2028 Republican odds after midterms

Republican nomination markets repriced after GOP midterm losses, boosting alternative 2028 candidates.

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Nebraska voters reject mobile sports betting initiatives

The defeat keeps Nebraska without online sports wagering even as other states weigh expansion.

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State officials warn election bettors of felony risks

The warnings highlight the legal patchwork as prediction markets expand into state election contests.

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Kalshi took over $15 million in bets on North Carolina elections

The state-level figure underscores how much election betting activity concentrated in individual 2026 races.

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Better Markets says prediction markets failed to predict 2026 elections

The advocacy group argues market prices mispriced key races, rebutting industry victory claims.

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