Kalshi’s midterm trading volume tops $1 billion as traders bet on Democrats

Election contracts on the CFTC-regulated platform have pulled in more than $1.4 billion, with traders pricing a 93% chance Democrats win the House Election Day has arrived, and a lot of Americans have money riding on it. Kalshi’s midterm-related trading volume has passed $1.4 billion as of Tuesday, according to data the company supplied to Fortune. The crowd is leaning blue. Kalshi traders are giving Democrats a 93% chance of winning control of the House and a 73% chance of taking the Senate. The single biggest market on the platform asks a simple question: which party will control Congress?