Polymarket and Kalshi Turn Midterm Elections Into a Multimillion Dollar Market

What happened: Prediction markets Polymarket and Kalshi are hosting betting on midterm elections, with one user, David Bensoussan, placing wagers across more than a dozen races. Key numbers: Over $1.5 million in wagers placed by Bensoussan; over a dozen midterm races. Why it matters: The article frames the midterms as a multimillion dollar market, with prediction platforms drawing significant wagering activity on election outcomes.

Prediction markets Polymarket and Kalshi are hosting betting on midterm elections, with one user, David Bensoussan, placing wagers across more than a dozen races.

The article frames the midterms as a multimillion dollar market, with prediction platforms drawing significant wagering activity on election outcomes.