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Kalshi records $25.3bn in parlay trading during midterm period

Regulation

Kalshi recorded more than $1.1 billion in election trading during the 10 days around the US midterms, while parlays generated $25.3 billion over the same period, according to analysis of prediction-market data. Election trading accounted for 3% of platform volume; volume measures contracts exchanged, not revenue retained by the platform.

Parlay trading volume far exceeded election trading, but contract volume does not represent revenue retained by Kalshi.

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Regulation

Warren and Curtis seek safeguards from Kalshi and Polymarket over election markets

US senators Elizabeth Warren and John Curtis asked Kalshi and Polymarket for details of safeguards against insider trading and manipulation on election-related prediction markets. Their bipartisan letter also sought information about previous enforcement actions and suspected violations of Commodity Futures Trading Commission rules. The senators cited concerns about candidate trading and alleged manipulation, including cases involving Kalshi and Polymarket.

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