Prediction markets are emerging as a shadowy but influential force in election forecasting, with platforms like Kalshi and Polymarket operating outside traditional regulatory oversight. These markets allow traders to bet on political outcomes, offering real-time insights into public sentiment ahead of next month’s elections. While they provide an alternative to traditional polling, their unregulated nature raises questions about transparency and potential manipulation. Critics argue their growing prominence could distort perceptions of electoral certainty.
As Kalshi and Polymarket dodge state regulations, prediction markets are upping the ante on next month’s elections. The post Prediction Markets Have a Lock on the Midterms appeared first on The Intercept.
