Users Wager Over $197 Million on U.S. Midterm Election Outcomes
Users of prediction markets have wagered over $197 million on U.S. midterm election outcomes, according to an NBC News analysis of markets on Kalshi and Polymarket.
Miami Fort Lauderdale, FL, July 12, 2026 —
An NBC News analysis has revealed that users of prediction markets have collectively wagered over $197 million on the outcomes of the upcoming U.S. midterm elections. The analysis, which examined markets on platforms such as Kalshi and Polymarket, highlights a significant financial interest in the anticipated election results.
Prediction markets operate similarly to traditional markets, where participants can buy and sell contracts whose value is tied to the likelihood of specific events occurring. In this context, the events are the potential outcomes of various U.S. midterm races, including control of Congress and key gubernatorial contests.
The substantial sum wagered indicates a growing engagement with these platforms as a means to speculate on political events. The platforms allow users to bet on a wide range of political questions, from the party that will win a specific Senate seat to broader questions about national political control.
The specific breakdown of wagers across different races and the precise percentages of funds allocated to various outcomes were not detailed in the provided information. However, the total amount of over $197 million represents a considerable amount of capital being deployed into predicting political results. The contractor’s name was not provided. The fine amount was not provided.
Story summarized from the original created by Max Rego on thehill.com, see more information here.
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