Prediction Markets have surpassed $1.4 billion in trading volume as Election Day fast approaches, according to a new CNN analysis.
This year has seen massive growth in the prediction industry, where people can bet on real-world events like sports, entertainment and the weather.
While small-scale election markets have been around for a while, they gained traction before the 2024 presidential election and have seen huge numbers for the 2026 midterms.
Kalshi, the biggest US prediction company, has seen nearly $1.1 billion in trading volume on markets related to the midterms, according to a spokesperson.
This includes markets about individual race outcomes, turnout numbers, prominent endorsements, whether candidates will debate, what will be said at campaign rallies and much more. (CNN)
CRAZY!
