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Democrats Plan to Crack Down on Prediction Markets After Midterms
Democrats plan to take action against prediction markets like Kalshi and Polymarket after they correctly predicted the outcome of the 2026 US midterm elections. The companies, which were criticized for allowing people to bet on sensitive subjects such as elections, war, and terrorism, are now facing legislative action aimed at prediction markets. Democrats, including Sen. Jeff Merkley and Rep. Maxine Waters, have publicly criticized the platforms for letting people bet on sensitive subjects, and as of November 2026, both lawmakers are preparing legislative action aimed at prediction markets.