METAMASK · 2026-10-28 23:22 UTC

US election prediction markets explained

US election prediction markets allow traders to take positions on political outcomes through contracts priced $0-$1 that reflect the market's probability estimate, with five main types: chamber control, individual races, presidential winner, vote margins, and turnout. Kalshi won a court case against the CFTC in September 2024, with Judge Jia Cobb ruling that elections are not unlawful activity or gaming, allowing Kalshi to list congressional control contracts on September 12, 2024.

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