News
Kalshi Midterm Markets Outnumber Traders
Kalshi, a platform for election odds betting, reported that millions of viewers watched its midterm markets without trading, outnumbering traders five to one. The platform's post-election recap showed over $2.5 billion in trading volume for the 2026 midterm markets, compared to $1.3 billion for the 2024 election cycle. Kalshi's numbers are hard to verify, but they suggest a secondary use for the platform: following political developments without placing a bet, while allowing those who do bet to influence expectations.