US Election Trading on Kalshi and Polymarket Jumps 153% to $104M Ahead of Midterms
- —Election trading volume hit $103.87 million in Oct 1–20, up from about $41 million in September
- —Texas Senate and House control accounted for nearly $49 million of the total
- —Kalshi's Texas Senate market drew $17.94 million versus $5.96 million for all of September
- —The House-control market generated $26.98 million, including $22.33 million on Kalshi
Why it matters: The surge shows prediction markets becoming a meaningful crypto segment as midterms and regulatory battles draw attention.
Source: DeFi Rate
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