US Midterms: Crypto prediction markets tilt toward Democrats in key races

Prediction market activity around the U.S. midterm elections has reached record levels, underscoring how closely crypto-adjacent traders are watching both politics and the policy fallout. According to an analysis by The Washington Post , nearly $1.9 billion in election-related contracts had traded on Kalshi and Polymarket as of Monday, setting a high bar for a midterm cycle. As election day approaches, both platforms are broadly aligned on the political direction investors are betting on. Markets were pricing a Democratic sweep of Congress at roughly 75% on Kalshi and 75.5% on Polymarket (as of 4:30 p.m. UTC ).