Kalshi tops $2.5b in midterm trading, nearly doubling 2024 volume

Kalshi has reported more than $2.5 billion in trading volume on its 2026 U.S. midterm election markets, nearly twice the $1.3 billion recorded during the 2024 election cycle. Midterm election trading surpassed the 2024 cycle’s total by more than $1.2 billion. Kalshi said favored candidates won 479 of 487 races resolved by early Nov. 4. Its research put winner-prediction accuracy at 98.2% when polls closed, up from 93.8% three months earlier. Election-night updates showed traders backing Democratic victories in Texas and South Carolina as results arrived. According to Kalshi’s Nov.