Kalshi and Polymarket exceed USD220m in US midterm election wagering
By The Weekly Edge desk · · Updated
Summary
Wagering on 2026 US midterm outcomes through Kalshi and Polymarket has exceeded USD220m, Online Poker Report reported, citing Reuters and Anti-Corruption Data Collective analysis. That compares with USD92m across the full 2024 congressional cycle. On Polymarket, the busiest 1% of wallets generated 70% of congressional election trading volume.
Why it matters
Investors assessing election betting growth must consider that Polymarket’s busiest 1% of wallets generated 70% of congressional trading volume.