As the U.S. heads toward November’s midterm elections, a growing number of investors and political observers are turning to prediction markets like Kalshi and Polymarket to gauge who might win.
Sens. Jeff Merkley, D-Ore., Elizabeth Warren, D-Mass., and Rep. Jamie Raskin, D-Md., on Thursday introduced legislation to ban prediction market bets on sports, war, elections and government actions.
As the U.S. heads toward November’s midterm elections, a growing number of investors and political observers are turning to prediction markets like Kalshi and Polymarket to gauge who might win.
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