Trading volume in Kalshi’s midterm election markets has surpassed $2.5 billion, nearly double the $1.3 billion recorded during the 2024 election cycle.
According to PANews, citing Crypto.news, the figures come from prediction market platform Kalshi. The platform said that as of the morning of November 4, candidates on the “favorite” side of its bets had won 479 races, for an accuracy rate of about 98%. The races covered elections for the House of Representatives, Senate and governorships, as well as state attorneys general, lieutenant governors and secretaries of state.
· Both trading volume and accuracy were disclosed by Kalshi and reflect the platform’s own figures.
· The 98% accuracy rate covers these 479 races and does not represent the results of all midterm elections.
When looking at prediction markets like this, would you check trading volume or historical accuracy first?
According to PANews, citing Crypto.news, the figures come from prediction market platform Kalshi. The platform said that as of the morning of November 4, candidates on the “favorite” side of its bets had won 479 races, for an accuracy rate of about 98%. The races covered elections for the House of Representatives, Senate and governorships, as well as state attorneys general, lieutenant governors and secretaries of state.
· Both trading volume and accuracy were disclosed by Kalshi and reflect the platform’s own figures.
· The 98% accuracy rate covers these 479 races and does not represent the results of all midterm elections.
When looking at prediction markets like this, would you check trading volume or historical accuracy first?
