Prediction market boom roils midterm elections: ‘It’s the wild west’

The significant boom of prediction markets is pushing U.S. elections into uncharted territory, prompting concern and scrutiny about the risks and regulation of betting on political outcomes. Kalshi, ...

Is buying into a prediction market OK if you're voting in Wisconsin?

Kalshi and Polymarket are pushing back on WEC's guidance that voters shouldn't buy into election results prediction markets, ...

DeMarinis asks state prosecutor to investigate prediction markets

Maryland's top election official is asking the state prosecutor to investigate the legality of prediction market platforms, which let users "trade" on outcomes of sports and politics, but which ...

Prediction market users spend nearly $200 million on midterm election bets: Report

Prediction market users have wagered in excess of $197 million on midterm election results, according to NBC News. The outlet ...

Election officials fear prediction markets will fuel distrust in the midterms

As they prepare to administer this fall’s elections, state officials worry the rise of betting will make their jobs more ...