Kalshi launches election combo markets ahead of US midterms
- —Election combos pair Senate races across states and House-Senate control outcomes
- —The largest market, congressional balance of power, has about $58.1 million in volume
- —Kalshi recorded $89.9 billion in contract volume and $20.4 billion paid from Sept. 27 to Oct. 26
- —Utah's Oct. 20 complaint targets election contracts alongside sports and other categories
Why it matters: Combos already drive nearly a third of Kalshi's paid volume, but state lawsuits could curb its election and sports offerings.
Source: DeFi Rate