Kalshi launches Midterms Hub for election odds

Prediction market platform Kalshi has introduced a new Midterms Hub to display real-time betting odds on U.S. Senate and House races ahead of November elections.

The hub combines live market prices with polling averages, Federal Election Commission fundraising data, and curated news coverage for each contest. Kalshi described the tool as a one-stop resource for tracking where speculators expect outcomes to land.

The rollout follows reports that the company is seeking Commodity Futures Trading Commission approval to offer perpetual futures contracts on gold, silver, and platinum. Bloomberg reported the filing on Tuesday.

Kalshi recorded $31 billion in notional trading volume in June, up more than 70 percent from May. Sports contracts made up about 85 percent of activity that month.

The platform is also pursuing fresh funding at a roughly $40 billion valuation, nearly double the $22 billion level targeted in its prior round.

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Illustration of traders on a financial floor celebrating Kalshi's billion-dollar funding and valuation surge.
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Kalshi confirms $1 billion raise at $22 billion valuation

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Kalshi has secured $1 billion in fresh funding, doubling its valuation to $22 billion in a round led by Coatue. The U.S.-based prediction market platform reported strong growth in institutional trading amid broader interest in event contracts.

Prediction market platforms are still detecting attempts by campaign staffers to place bets on political races, despite new monitoring systems and growing scrutiny over insider trading.

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Kalshi is seeking to raise new capital at a valuation of about 40 billion dollars, nearly doubling its previous 22 billion dollar valuation, according to people familiar with the matter.

A Michigan judge has issued a temporary restraining order against prediction market platform Kalshi, barring it from offering sports-related wagers to state residents for 14 days.

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DraftKings disclosed strong early results for its Predictions platform on June 9. The company launched the offering in December 2025 and now reports an annualized trading run rate of $3.1 billion.

Pro-Trump influencers on X are using odds from prediction markets like Kalshi and Polymarket to claim fraud in last Tuesday's Los Angeles mayoral election, despite no evidence of wrongdoing.

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Charles Schwab is partnering with Cboe Global Markets to offer yes-or-no options contracts on the S&P 500. The move marks the brokerage's entry into prediction markets, with rollout expected in the coming months.

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