The Gambling Wire: Prediction Markets Top $10 Billion as Election Betting Faces Public Opposition
By The Weekly Edge desk ·
Summary
US prediction markets recorded another weekend volume high, with trackers putting the sector at more than $10 billion in notional volume and Kalshi at roughly $7.9–8 billion, driven largely by combo contracts. A Reuters/Ipsos poll found 60% of US adults oppose betting on election results versus 13% in favour. Kalshi and Polymarket are citing new CFTC proposals in state court fights, and Google has added Connecticut to its prediction market ad exclusions.
Why it matters
Record volume alongside 60% public opposition to election betting, state court fights and Google's Connecticut ad exclusions shows growth facing regulatory and distribution risk.