Politics· States Newsroom

Election betting is booming as the midterms near. Do states have the power to curb it?

By jnorman@statesnewsroom.com, States Newsroom · October 9, 2026

On Friday morning, the prediction market platform Kalshi gave the Democratic candidate in Minnesota’s U.S. Senate race an 87% chance of winning. The volume of trading on the outcome exceeded $1.8 million. This is exactly the type of activity Minnesota and numerous other states want to shut down. “They jeopardize…

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Election betting is booming as the midterms near. Do states have the power to curb it?

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