
Texas Senate drives $104m midterm trading surge
Election trading on Kalshi, Polymarket US & rivals hit $103.87m in early October, led by the Texas Senate race & House control.
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Election trading on Kalshi, Polymarket US & rivals hit $103.87m in early October, led by the Texas Senate race & House control.

Kalshi's new ad starring Suns star Dillon Brooks mocks LeBron James's $15m deal with rival platform Polymarket.

Polymarket removed a market on felony charges against the 'Cornell 7' after it drew over $450,000 in trades.

Kalshi deleted a tweet claiming an 87% chance Tucker Carlson would be charged with a federal crime this year.

Polymarket traders price a 31% chance the S&P 500 hits 8,000 by year-end.

Jefferies has cut its 2026 earnings forecast for DraftKings by 15%, citing rising prediction market costs.

Prediction market traders now price a Tesla-SpaceX merger announcement above even odds for early 2027.

Polymarket traders are pricing both a $2tn Anthropic IPO & a 21.5% chance of bankruptcy by 2029.

Kalshi is reportedly investigating unusual trades that correctly picked Katie Zacharia as Trump's next press secretary.

A new report warns prediction markets could drain up to $39.4bn a year from tribal & commercial gaming.

IG Group's proposed $1.1bn buyout of Underdog aims to more than double its US revenue through prediction markets.

Four more Native American tribes have signed app deals with Kalshi, deepening a rift with established tribal gaming groups.