• 34ºc, Sunny

Kalshi launches more political event prediction market ahead of US election

According to regulatory filings with the U.S. Commodity Futures Trading Commission (CFTC), Kalshi launched more prediction markets for political events ahead of the U.S. election, including the Ohio referendum result, the Associated Press (AP) announcement of the results of the last state in the presidential race, and more. Since October 31, Kalshi has registered more than two dozen contracts, most of which are related to the upcoming U.S. election, according to CFTC data. According to the Kalshi website, as of Nov. 1, Kalshi's "Who Will Win the Presidential Election?" has reached about $144 million in total bets since it went public on Oct. 7. The platform's data shows that as of Nov. 1, Trump has a 56 percent chance of winning the presidential election, while Harris has a 44 percent chance.