NYPOST · 2026-10-14 21:00 UTC

Bettors wager over $220M on midterm election outcomes on Kalshi, Polymarket — with big money on Texas Senate battle

Over $220 million wagered on 2026 midterm election outcomes on Kalshi and Polymarket prediction markets, more than double the $92 million in 2024 congressional election trading volume. Texas Senate race between Ken Paxton and James Talarico attracted the heaviest betting, with top 1% of Polymarket wallets accounting for 70% of congressional trading volume. Concerns raised about insider trading and election integrity as campaign staffers placed bets on races; platforms have suspended candidates and implemented surveillance systems to police misconduct.

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