Polymarket and Kalshi election betting
Betting Platforms Test Accuracy on Midterm Election Forecasts
Polymarket and Kalshi are testing their predictive accuracy on the U.S. midterm elections, which serve as a key benchmark for their forecasting abilities.
Betting platforms Polymarket and Kalshi have transformed U.S. midterm elections into multimillion-dollar markets. This trend turns democratic processes into a form of gambling, generating millions in revenue and raising questions about betting's influence on democracy.